For his regular column for Practical Law, Senior M&A Partner Frank Aquila authored an article on the SEC’s new universal proxy rules and how they will impact contested director elections in the 2023 proxy season. Under the new rules, shareholders voting by proxy can now select nominees across both slates, as they could in-person at a shareholder meeting.
Frank offers a memo to a board preparing for the 2023 proxy season covering key changes under the universal proxy rules and implications for companies, reviews of bylaws and proxy statements, board composition evaluations, shareholder engagement and the monitoring of market developments.
Read Frank’s article “Considerations Regarding Universal Proxy.”