July 20, 2010
SEC Seeks to Overhaul Proxy Infrastructure for the First Time in 30 Years
by Robert Kropp
A concept release published by the Agency seeks public comment in order to increase the
transparency and integrity of the proxy system.
The Securities and Exchange Commission (SEC) announced last week that, for the first time in nearly
30 years, it will undertake a review of its proxy voting infrastructure that will take into account
"significant changes since then in shareholder demographics, technology, and other areas,"
according to a press
release from the Agency.