Lessons From the First Few Contests Under the Universal Proxy Rules, and the Outlook For 2023

Wolters Kluwer's Insights - The Corporate & Securities Law Advisor

Richard J. Grossman Neil P. Stronski Alexander J. Vargas

Partners Richard Grossman and Neil Stronski and associates Anya Richter Hodes and Alexander Vargas discuss the SEC’s new universal proxy rules. The authors highlight how recent contested board elections suggest the rules focus attention on individual nominees and may increase settlements with activists because of new uncertainty about election outcomes.