ROCKVILLE, Md. (November 17, 2021) “Today’s adoption by the SEC of a universal proxy rule represents a significant milestone in efforts by institutional investors and others who champion shareholder rights to ensure corporate elections are fair, transparent, and efficient,” said ISS Governance Solutions Business Head, Lorraine Kelly. “As an integral part of the proxy voting ecosystem, we are pleased to see the adoption of this new rule that will mandate inclusion of management and dissident nominees in a single proxy card in contested elections to afford shareholders voting by proxy the ability to support what they believe to be the optimal board composition.”
Statement from ISS Governance Solutions Business Head, Lorraine Kelly, on New SEC Rules for Universal Proxy Cards in Contested Director Elections
ROCKVILLE, Md. (November 17, 2021) “Today’s adoption by the SEC of a universal proxy rule represents a significant milestone in efforts by institutional investors and others who champion shareholder rights to ensure corporate elections are fair, transparent, and efficient,” said ISS Governance Solutions Business Head, Lorraine Kelly. “As an integral part of the proxy voting ecosystem, we are pleased to see the adoption of this new rule that will mandate inclusion of management and dissident nominees in a single proxy card in contested elections to afford shareholders voting by proxy the ability to support what they believe to be the optimal board composition.”
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