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Recent Posts
- SEC Adopts Proxy Access
- Dodd Act Change Immediately Affects Private Offerings
- FASB Issues New Exposure Draft on Disclosure of Certain Loss Contingencies
- Financial Reform Act Triggers Significant New Executive Compensation Requirements
- U.S. Senate Passes Consumer Financial Protection Act of 2010
- New Qualifying Therapeutic Discovery Project Credit Will Benefit Biotech Companies
- Federal HIRE Act Provides New Tax Benefits for Hiring Unemployed Workers
- New Form 8-K Item 5.07 Will Affect S-3 Eligibility
- Revised NYSE Corporate Governance Listing Standards Effective as of January 1, 2010
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IRS Circular 230 Disclosure: Unless we have specifically stated to the contrary in writing, any discussion of federal tax issues or submissions in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (1) avoiding penalties under the United States federal tax laws or (2) promoting, marketing, or recommending to anyone any transaction or matter addressed herein.
SEC Approves Proxy Disclosure Enhancements
On December 16, 2009, the SEC voted to approve final rules on proxy disclosure and solicitation enhancements which had been initially proposed by the SEC in July 2009. As stated in the SEC's adopting release the new rules will be effective February 28, 2010, meaning they will apply to the 2010 proxy season for substantially all calendar year issuers. The new rules will require revisions to director and officer questionnaires in connection with the expanded disclosure in the areas outlined in our client advisory at kmklaw.com.
