On July 13, 2022, the SEC approved by a three-to-two vote a final rule rescinding portions of two 2020 rules related to proxy advice: exemption conditions from the proxy rules’ informational and filing requirements, and proxy rules’ liability provisions. The 2020 rules codified the SEC’s interpretation that proxy advice constitutes solicitation subject to proxy rules and added new conflicts of interest disclosures. This article provides details on the rescinded portions of the 2020 rules.
SEC Rescinds Trump-Era Proxy Advice Rules
SEC • July 22, 2022
With a three-to-two vote, the SEC approved a final rule rescinding portions of two 2020 rules related to proxy advice. Read on for details.
