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SEC Announces Upcoming Roundtable on the Proxy Process

On July 20, 2018, the United States Securities and Exchange Commission (the “SEC”) announced that it intends to host a roundtable in the fall 2018 to hear from market participants regarding the SEC’s rules governing the proxy process. This roundtable is expected to provide issuers, investors and others the opportunity to participate in a conversation with the SEC regarding the proxy process, which is timely given the significant increase in shareholder engagement and enhanced influence of proxy advisory firms, as well as the focus on SEC proposed rulemaking in this area.

The SEC has identified several potential topics to be addressed at the roundtable, including the corporate voting process, retail shareholder participation, shareholder proposals, the role of proxy advisory firms, technology and innovation, and potential SEC actions for consideration. The full agenda for the roundtable has not yet been determined.

The SEC has invited comments regarding the proxy process, either in advance of or after the roundtable. No firm deadline has been set for comments to be considered at the roundtable. 

© 2019 Foley & Lardner LLP


About this Author

Christopher J. Babcock, securities lawyer, Foley Lardner
Senior Counsel

Chris Babcock is an associate in Foley Gardere’s Dallas office, focusing on private equity and corporate governance and securities matters. Chris has experience representing private equity funds and their portfolio companies, public companies, privately held companies and nonprofits across multiple industries including the banking and finance, oil and gas, health care, industrial and manufacturing, and real estate sectors. In addition, he has successfully represented clients across a broad range of corporate governance matters, including representing activists in...

Jessica Lochmann, Corporate Law, Securities, Governance, Foley and Lardner Law Firm

Jessica Lochmann is a partner with Foley & Lardner LLP, and is a member of the firm’s Transactional & Securities Practice. She is also a member of the firm’s Recruiting Committee and is the former hiring partner for the Milwaukee office. Ms. Lochmann practices general corporate and business law, with an emphasis in securities law, corporate governance, and mergers and acquisitions. She regularly advises clients regarding state and federal securities law compliance and corporate governance matters, assists clients with the preparation and review of Securities Exchange Act filings, advises clients regarding compliance with NYSE and Nasdaq listing requirements, and represents public and private acquirors and targets in mergers and acquisitions transactions. Ms. Lochmann also represents issuers in securities transactions, including initial and secondary public offerings of equity securities and public and private placements of debt securities.

Benjamin F. Rikkers, Foley, venture capital funds lawyer, aviation related matters attorney

Benjamin F. Rikkers is a partner and business lawyer with Foley & Lardner LLP. Mr. Rikkers’ practice covers a broad range of business matters, including mergers and acquisitions, securities law, general corporate business law, investment of private equity and venture capital funds, and aviation-related matters. He is a member of the firm’s Transactional & Securities and Private Equity & Venture Capital Practices.

Mr. Rikkers regularly represents buyers and sellers in public and private mergers, acquisitions, and other strategic...

Evan Stone, Foley Lardner, Corporate lawyer

Evan Stone focuses his practice on complex investment activities for professional investment managers, strategic acquirers and other institutional investors. He has represented hedge funds, private equity funds, venture capital funds, family offices, RIAs, and public and private corporations on a wide range of highly sophisticated corporate, securities and regulatory matters. Evan’s cross-over practice, combining a strong transactional and tactical orientation with cutting edge regulatory and in-house experience, provides unique value to clients at a time when all of...