Wall Street regulator to vote next Wednesday to adopt proxy rules that undo Trump-era condition -notice
WASHINGTON, July 6 (Reuters) - The U.S. Securities and Exchange Commission (SEC) will vote on June 13 to adopt proxy rules boosting disclosure, the agency said on Wednesday.
The rule, which the Wall Street regulator voted to propose in November, is expected to undo a Trump-era rule allowing companies a first look at proxy advisor proposals.
The agency will also propose a rule that would amend certain “substantive bases” for exclusion of shareholder proposals, the agency notice said.
Reporting by Katanga Johnson in Washington Editing by Chris Reese
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.