Harvard Law School Program on Corporate Governance Attended by S&C Partner Submits Proxy Access Roundtable Transcript to SEC

January 2010

Recently, the Harvard Law School Program on Corporate Governance published a working paper based on a transcript from its Proxy Access Roundtable, held in October 2009. The transcript was submitted by its editors to the SEC in response to the commission’s proposed rule on proxy access. The roundtable brought together prominent participants in the debate for a day of discussion on the subject, including S&C partner James Morphy. During the roundtable Mr. Morphy made a number of comments and observations in support of his overall position, that the need for – and thresholds for allowing – proxy access should be for the shareholders of individual companies to determine under state law, and should not be imposed in the form of a “one size fits all” federal rule.