The SEC universal proxy proposals: A measured and practical revolution

The new requirements, if adopted, would not necessarily give more power to activists.


By Jason SonciniAs previously promised, on October 26, 2016, the U.S. Securities and Exchange Commission proposed rules to require the use of universal proxy cards in contested shareholder elections.While the use of universal proxies would be a somewhat revolutionary step for the U.S. corporate election process, the specific changes proposed