Reforming the shareholder proposal process
Article Abstract:
SEC rule 14a-8 explains the procedural requirements for stockholder proposals being included in proxy solicitation materials and is subject to revision. Congress, in passing the National Securities Markets Improvements Act of 1996, required the SEC to review stockholder proposal regulations. This was in response to the SEC's 1992 decision in Cracker Barrel allowing the exclusion from proxy statements all employment-related issues. The SEC appeared willing to amend the rule to change the Cracker Barrel decision.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1997
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The new shareholder proposal rules
Article Abstract:
The SEC revised its rule 14a-8 in 1997 regarding the requirements for shareholder proposals. Documents for shareholders under the revisions are to be in plain English. Ownership of shares and proof of compliance are required to satisfy eligibility. Procedural requirement changes for both shareholders and companies are also discussed.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1998
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Developments under section 16
Article Abstract:
The SEC adopted final revisions to rules and forms propogated under section 16 of the Securities Exchange Act in May 1996. Revisions effected areas involving statutory insiders, beneficial ownership, reporting system, derivative securities, and issuer transactions. Changes in each area effected are surveyed.
Publication Name: Annual Institute on Securities Regulation
Subject: Law
ISSN: 0195-5756
Year: 1997
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- Abstracts: IRS issues proposed new charitable remainder trust regulations. Final QPRT regulations released by Treasury, followed by budget proposal to terminate technique
- Abstracts: Merger mania continues. The big push comes to legal publishing. More publishing mergers on the horizon
- Abstracts: Extradition statute - constitutional law - separation of powers - appointments clause
- Abstracts: SEC release no. 33-7380, plain English disclosure, proposed rules (January 14, 1997). A plain English handbook - how to create clear SEC disclosure documents