SEC Proxy Access Proposal - May 2009

On May 20, 2009, the SEC proposed several rule amendments to facilitate shareholder director nominations.  This SEC proposal was published in the Federal Register on June 18, 2009: http://www.sec.gov/rules/proposed/2009/33-9046fr.pdf

The Shareholder Communications Coalition--along with several other organizations--sent a letter to the SEC on June 30, 2009, requesting a 30-day extension of the comment period for this rule proposal: http://www.sec.gov/comments/s7-10-09/s71009-39.pdf

The comment letter submitted by the Coalition on August 17, 2009: http://www.sec.gov/comments/s7-10-09/s71009-294.pdf

The comment letter submitted by the National Investor Relations Institute on August 13, 2009: http://www.sec.gov/comments/s7-10-09/s71009-124.pdf

The comment letter submitted by the Society of Corporate Secretaries & Governance Professionals on August 13, 2009: http://www.sec.gov/comments/s7-10-09/s71009-122.pdf

The comment letter submitted by the National Association of Corporate Directors on August 17, 2009: http://www.sec.gov/comments/s7-10-09/s71009-173.pdf 

The comment letter submitted by Business Roundtable on August 17, 2009: http://www.sec.gov/comments/s7-10-09/s71009-267.pdf

The comment letter submitted by Computershare, Ltd. on August 17, 2009: http://www.sec.gov/comments/s7-10-09/s71009-321.pdf

This rule was finalized by the SEC on August 25, 2010: http://www.sec.gov/rules/final/2010/33-9136.pdf

Portions of this final rule were vacated by the U.S. Court of Appeals for the District of Columbia Circuit in Business Roundtable et al. v. Securities and Exchange Commission (D.C. Cir. July 22, 2011).  The remainder of the rule was finalized on September 15, 2011: http://www.sec.gov/rules/final/2011/33-9259.pdf