Retail Voting Programs: A Practical Expansion of Shareholder Voice

A recently approved SEC retail voting program offers companies a new, voluntary way to increase shareholder participation, strengthen the legitimacy of voting outcomes, and engage individual investors while preserving shareholder autonomy and flexibility. Read here as Sidley’s Kai Liekefett and Derek Zaba, co-leaders of Sidley’s Shareholder Activism and Corporate Defense practice, outline what board members should know about the program’s design, benefits, and practical considerations.