SEC will allow proxy distribution via the Internet
14 Dec 2006
The US Securities and Exchange Commission has amended its proxy rules to allow companies to furnish proxy materials to shareholders through a 'notice and access' model using the Internet.
A company choosing to follow the model must post its proxy materials on an Internet website and send a Notice of Internet Availability of Proxy Materials to shareholders at least 40 days before the meeting date. A proxy card may not accompany the Notice. However, a company may send a paper proxy card accompanied by another copy of the Notice 10 days or more after sending the initial the Notice. Click for SEC Press Release (PDF 37k).
