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“Shareholder Forum” programs have evolved since
1999 as effective processes for defining, analyzing, and resolving issues
relevant to investors’ capital allocation and voting decisions.
The benefit of an independently conducted Forum is in providing both
investor and corporate decision-makers
with the kind of access to information and free exchange of views that might
be sought at a traditional management-run shareholders meeting or analyst
conference, but with the non-partisan moderation and timely attention needed to
effectively examine alternatives for long-term wealth creation.
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New SEC Rules
for
Shareholder Forums
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The SEC released new rules in January 2008 "to facilitate communication and
thereby encourage the creation of, and participation in, electronic
shareholder forums." |
SEC Rules
Reports
Legal Views
SEC Rules
Reports
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May 16, 2008 Reuters: "Companies
shrug off shareholder e-forum idea"
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February 15, 2008 Investor Relations
Magazine: "Broadridge gets clients to open up about e-proxy
experience"; see also reports:
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April 2008, Broadridge Financial
Solutions, Inc.: "Notice and Access: A Statistical Overview of Use with
Beneficial Shareholders, as of Feb 29, 2008" (6 pages, 273 KB, in
PDF
format)
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February 2008, Broadridge Financial
Solutions, Inc.: "A Frank Discussion on Notice & Access" (6 pages, 115
KB, in
PDF
format)
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February 2008 Investor Relations Magazine: "The hunt is on"
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February 2008, Directors & Boards
E-Briefing: "Who Knows Best?"
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January 22, 2008 November 28, 2007 Forum Report: SEC Rules Encouraging
Shareholder Forum Programs
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November 29, 2007
TheCorporateCounsel.net: "SEC Adopts Rules to Facilitate
Shareholder E-Forums"
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November 28, 2007 Forum Report: New SEC
Rules for “Electronic Shareholder Forums”
Legal Views
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Dechert LLP, February 1, 2008 Special Alert:
"SEC Amends Rules to Facilitate Use of Electronic Shareholder Forums" (3 pages,
97 KB, in
PDF
format)
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Alston & Bird LLP, January 29, 2008 Securities Law Advisory: "SEC Releases
Final Rules on Electronic Shareholder Forums" (4 pages, 330 KB, in
PDF
format)
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Latham & Watkins LLP, January 29, 2008
Corporate Governance Commentary: "A Practitioner’s Guide To Electronic
Shareholder Forums" (9 pages, 71 KB, in
PDF
format)
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Jeffrey N. Gordon, Alfred W. Bressler
Professor of Law, Columbia Law School, abstract and January 15, 2008 draft: "Proxy Contests
in an Era of Increasing Shareholder Power: Forget Issuer Proxy Access and
Focus on E-Proxy"
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