Alerts

  • Print Page
  •  
  • Email Page
  •  
  • Subscribe

NYSE Rule 452 Amended to Eliminate Broker Discretionary Voting In Uncontested Elections

2010 Annual Meeting Planning Starts Now for Many Companies

July 2, 2009


Yesterday, the SEC approved the NYSE’s proposed rule change to Rule 452 to eliminate broker discretionary voting of shares held in street name in uncontested director elections. The rule change applies to all public companies other than investment companies and generally will apply to all annual shareholder meetings beginning in 2010.