SEC Proposes Rescinding 2020 Amendments to Rules Governing Proxy Advisors

Claud Mccoid

On November 17, 2021, the U.S. Securities and Exchange Commission (SEC), by a 3-2 vote, proposed amendments to the principles governing proxy voting information enterprises (proxy advisors). The amendments would rescind two parts of the proxy rules adopted in 2020 (2020 Amendments) governing (i) the exemptions from the proxy facts and submitting demands and (ii) the anti-fraud provisions….
By: Skadden, Arps, Slate, Meagher & Flom LLP

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