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Your business is moving fast. You need to assess new developments quickly, determine if they apply to your business, and act accordingly. The Ticker is designed to focus your attention on key developments in the areas of SEC compliance, capital markets, corporate governance, executive compensation and other matters important to public companies and their officers and directors. Below are summaries of recent developments in these areas.
On Wednesday, July 13, the SEC proposed amendments to eliminate certain outdated or redundant disclosure requirements as part of its overall disclosure effectiveness review.
With half of the year completed, commentators are noting trends in 2016 proxy season voting results. Overall, shareholder support in director elections declined in 2016 compared to 2015, and shareholder proposals involving proxy access were the shareholder proposals most likely to garner majority shareholder support.
Recently, the SEC approved Nasdaq’s proposed rule to require listed companies to publicly disclose “golden leash” compensation or payments by third parties to directors or nominees in connection with their service on or candidacy for such company’s board.