New Proxy Disclosure Rules Adopted by SEC
Recently, the SEC approved final rules to enhance certain compensation and corporate governance disclosures by public companies. These rules are based on proposed rules released earlier this year. There is some uncertainty about the effective date of the new disclosure requirements; however it is believed that the new proxy disclosure rules will be effective for filings made on or after February 28, 2010.
What IROs and the corporate legal teams need to do now: