Rock Center Proxy Access Forum
May 6, 2010 5:30pm - 8:00pm
On June 10, 2009, the U.S. Securities and Exchange Commission (SEC) published a 250-page release that proposed to foster corporate accountability by increasing shareholders’ power to nominate and elect directors of public companies ("proxy access"). The SEC solicited comment letters, and received over 520 letters during the original comment period, which ended on August 17, 2009. In response to extensive comments on the initial proposal, the SEC re-opened the comment process on December 14, 2009 to solicit additional input on data and related analyses received by the SEC after the close of the original comment period. The second comment period ended on January 19, 2010. The vote on the final rule by the SEC Commission is now imminent.
The Rock Center for Corporate Governance at Stanford University is hosting a panel discussion with SEC Commissioner Troy A. Paredes and relevant constituencies to discuss how each will be addressing this new world and how the new landscape will play out at different levels including at the SEC, in federal vs. state law, and among activist shareholders, institutional shareholders and corporations.
A summary of the SEC proposal, highlighting the principal controversies raised by various commentators and interest groups, and prepared by a group of Stanford Law School students in conjunction with Davis Polk & Wardwell LLP, is available to view under "Related Media."
*NEW in Related Media: See "The Regulation of Corporate Governance" by Prof. David Larcker investigating the market reaction to recent legislative and regulatory actions pertaining to corporate governance (including Proxy Access).
• Professor Joseph A. Grundfest, W.A. Franke Professor of Law and Business, Stanford Law School; Senior Faculty, Arthur and Toni Rembe Rock Center for Corporate Governance, Stanford University
• The Hon. Troy A. Paredes, Commissioner of the U.S. Securities and Exchange Commission
• Francis S. Currie, Partner, Davis Polk & Wardwell LLP
• Abe M. Friedman, Global Head of Corporate Governance and Responsible Investment, BlackRock, Inc.
• Anne Sheehan, Director of Corporate Governance, California State Teachers' Retirement System
This event is free and open to the public; registration requested.
Registration is now closed.