On November 17, 2021, the U.S. Securities and Exchange Commission (SEC) adopted the “universal proxy.” It is the most dramatic change in decades to the rules governing how proxy contests will be conducted. We expect a significant increase in the number of actual and threatened proxy contests once the new rules goes into effect.
Sidley’s Shareholder Activism & Corporate Defense practice will host a webinar to explain the new universal proxy rules. Among other things, we will discuss the following questions:
- How does the universal proxy work?
- How will the universal proxy impact proxy contests?
- What is the relationship between proxy access and the universal proxy?
- What is the relationship between advance notice bylaws and the universal proxy notice requirements?
- Are there any new SEC disclosures for companies as a result of the universal proxy?
- Should a company revise its advance notice bylaws as a result of the new universal proxy rules?
- How should companies prepare for the expected rise in activism campaign risk?
- Will this create a substantial increase in the number of shareholder activism campaigns or investor pressure on ESG issues?
Beth E. Berg, Partner
Kai H.E. Liekefett, Partner and Co-Chair, Shareholder Activism and Corporate Defense Practice
Derek Zaba, Partner and Co-Chair, Shareholder Activism and Corporate Defense Practice
For questions, contact firstname.lastname@example.org.
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CLE credit is pending for this program.