U.S. Securities and Exchange Commission’s Proxy Plumbing Concept Release
18 August 2010
Mayer Brown Legal Update
On July 14, 2010, the Securities Exchange Commission issued its long-awaited “Concept Release on the U.S. Proxy System,” Release Nos. 34-62495; IA-3052; IC-29340, available at http://www.sec.gov/rules/concept/2010/34- 62495.pdf. This concept release addresses infrastructure and related technical issues affecting the solicitation, tabulation and voting of proxies in the United States. The SEC has been examining, and is looking for further input on, these “proxy plumbing” concerns.