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SEC Issues Final Electronic Proxy Material Rules

The SEC has issued final rules on electronic proxy material rules: Shareholder Choice Regarding Proxy Materials.  The rules require issuers and other proxy solicitors to post proxy materials on an internet website and provide notice to shareholders of their availability.  The notice must also contain a method for shareholders to request proxy materials via paper copy thru the mail or email.  Shareholders may choose a permanent election to receive materials via mail or email.  The SEC believes the rules will reduce the costs associated with proxy materials and provide greater shareholder access to materials. 

Filed under: REAL WORLD

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