Alert August 24, 2010

SEC to Consider Proxy Rule Amendments Relating to Shareholder Nomination of Directors

The SEC announced that the agenda for its open meeting scheduled for Wednesday, August 25, 2010, consists of considering whether to adopt changes to its rules designed to facilitate shareholder nomination of directors.  In 2009, the SEC issued a rule proposal in this area, which was summarized in the June 16, 2009 Alert.