Securities and Exchange Commission: Shareholder Choice Regarding Proxy Materials
GAO-07-1170R: Aug 15, 2007
- Full Report:
GAO reviewed the Securities and Exchange Commissions's (Commission) new rule on shareholder choice regarding proxy materials. GAO found that (1) the final rule allows shareholders to choose the means by which they access proxy materials and requires issuers and other soliciting persons to post their proxy materials on an internet website and provide shareholders notice of the internet availability of the materials; and (2) the Commission complied with applicable requirements in promulgating the rule.