Web proxy rule soon takes effect
Rule changes that let companies provide shareholders with proxy materials via the Internet using a “notice and access” model take effect July 1.
Rule changes that let companies provide shareholders with proxy materials via the Internet using a “notice and access” model take effect July 1. Among other provisions, the amended rule requires that companies choosing to follow the model must post proxy materials online and send notices to shareholders at least 40 days prior to the meeting. Shareholders still can opt for e-mailed or paper proxy materials. For details, visit http://www.sec.gov/rules/final/2007/34-55146.pdf
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