SEC Issues Guidance on Conducting Shareholder Meetings Amid COVID-19 Concerns
March 16, 2020
The SEC staff has issued guidance to help issuers, shareholders, and other market
participants affected by COVID-19 meet their obligations under the federal proxy
rules. The staff guidance “provides regulatory flexibility to companies seeking to
change the date and location of the meetings and use new technologies, such as
‘virtual’ shareholder meetings that avoid the need for in-person shareholder
attendance, while at the same time ensuring that shareholders and other market
participants are informed of any changes. “
For more information, see the press
release on the SEC’s Web site.