SEC moves forward on proxy reform

11 June 2010

Sarah Wilson

EU regulation

The SEC has confirmed that it will be issuing a green paper on proxy reform later this year. Speaking at a Business Roundtable quarterly meeting last week, SEC Chairman, Mary Schapiro said: "the mechanics of the proxy process have not kept pace with current market conditions or trading practices. For this reason, the Commission will soon consider publishing a Concept Release soliciting detailed ideas about how to modernize this voting infrastructure.

We would like to hear about everything from whether the system of OBO/NOBO ownership should be changed, to whether proxy advisory firms should be subject to greater oversight (and if so, what that oversight should look like)."

Links

Mary Schapiro Speech >>

Latest News

SHareholder meeting

SEC 2027 examination priorities put fresh focus on proxy advisor oversight

SHareholder meeting

Saba’s Baillie Gifford board challenge falls short, but pressure on trusts likely to persist

SHareholder meeting

ICCR urges investors to encourage company support against Rule 14a-8 rescission proposal

SHareholder meeting

Fifteen financial institutions push ISSB towards dedicated Nature Standard

SHareholder meeting

NA100 benchmark shows nature commitments progress as investors strengthen engagement efforts

SHareholder meeting

ESMA's Transition and Impact Claims Guidance: Lessons for SFDR II

Featured Briefings

Minerva Briefing

2026 United States of America Proxy Season Review

Minerva Briefing

US SEC Rule 14a-8 Rescission Proposal

Minerva Briefing

2026 Global Proxy Season Review

Minerva is a global provider of sustainable stewardship solutions with over 30 years of expertise. Minerva empowers investors by providing essential tools, including ESG research and data and expert insights, enabling them to navigate the intricate and ever-evolving landscape of stewardship and proxy voting, whilst ensuring their decisions are well-informed and aligned with sustainable principles.

Related Stories

SEC 2027

SEC 2027 examination priorities put fresh focus on proxy advisor oversight

October 30, 2026
Read More
ICCR and Rule 14a-8 rescission proposal

ICCR urges investors to encourage company support against Rule 14a-8 rescission proposal

October 28, 2026
Read More
US SEC

US SEC warning chills investor stewardship

October 13, 2026
Read More
US SEC moves to rescind Rule 14a-8

US SEC moves to rescind Rule 14a-8, risks damaging shareholder proposal process

September 17, 2026
Read More
SEC axes Rule 14a-8 ‘no action’ process for shareholder proposals

SEC axes Rule 14a-8 ‘no action’ process for shareholder proposals

August 20, 2026
Read More
Investors urge SEC to reject Texas Stock Exchange voting rule

Investors urge SEC to reject Texas Stock Exchange voting rule

August 20, 2026
Read More