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SEC staff updates guidance on shareholder proposals

Peter J. Romeo (Partner with Hogan Lovells US LLP, Washington, District of Columbia, USA)
Richard J. Parrino (Partner with Hogan Lovells US LLP, Washington, District of Columbia, USA)
Kevin K. Greenslade (Partner with Hogan Lovells US LLP, Washington, District of Columbia, USA)
C. Alex Bahn (Associate with Hogan Lovells US LLP, Washington, District of Columbia, USA)

Journal of Investment Compliance

ISSN: 1528-5812

Article publication date: 6 April 2012

54

Abstract

Purpose

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The purpose of this paper is to explain the guidance on interpretive issues under Exchange Act Rule 14a‐8 published in SEC Staff Legal Bulletin No. 14F (SLB 14F).

Design/methodology/approach

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The paper summarizes the guidance to companies provided by SLB 14F on how to verify a proponent's eligibility to submit a proposal, how to address submissions of revised proposals, and how to withdraw no‐action requests for proposals with multiple proponents.

Findings

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SLB 14F is the staff's seventh legal bulletin on Rule 14a‐8, which highlights the procedural and substantive complexities associated with shareholder proposals.

Originality/value

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The paper provides expert guidance from experienced financial services lawyers.

Keywords

Citation

Romeo, P.J., Parrino, R.J., Greenslade, K.K. and Alex Bahn, C. (2012), "SEC staff updates guidance on shareholder proposals", Journal of Investment Compliance, Vol. 13 No. 1, pp. 33-35. https://doi.org/10.1108/15285811211216682

Publisher

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Emerald Group Publishing Limited

Copyright © 2012, Emerald Group Publishing Limited

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