Internet proxy changes get nod
The SEC recently voted to let companies provide shareholders with proxy materials via the Internet using a “notice and access” model.
The SEC recently voted to let companies provide shareholders with proxy materials via the Internet using a “notice and access” model. 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 an e-mail or paper proxy materials. The effective date is July 1. For details, visit http://www.sec.gov/rules/final/2007/34-55146.pdf
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