The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Mon, 10 Aug 2026 13:46:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.9 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Proxy Plumbing Fixes are Desperately Needed – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Proxy Plumbing Fixes are Desperately Needed https://corpgov.law.harvard.edu/2010/08/31/proxy-plumbing-fixes-are-desperately-needed/?utm_source=rss&utm_medium=rss&utm_campaign=proxy-plumbing-fixes-are-desperately-needed https://corpgov.law.harvard.edu/2010/08/31/proxy-plumbing-fixes-are-desperately-needed/#comments Tue, 31 Aug 2010 14:07:59 +0000 http://blogs.law.harvard.edu/corpgov/?p=11895?d=20150120100549EST Posted by David A. Katz, Wachtell, Lipton, Rosen & Katz, on Tuesday, August 31, 2010
Editor's Note:

David A. Katz is a partner at Wachtell, Lipton, Rosen & Katz specializing in the areas of mergers and acquisitions and complex securities transactions. This post is based on an article by Mr. Katz and Laura A. McIntosh that first appeared in the New York Law Journal. Other posts on proxy plumbing are available here.

The U.S. proxy system is set to undergo a comprehensive review for the first time in nearly 30 years. The Securities and Exchange Commission (SEC) recently voted unanimously to issue a concept release “seeking public comment on the U.S. proxy system and asking whether rule revisions should be considered to promote greater efficiency and transparency.” [1] This so-called “proxy plumbing” concept release marks the beginning of what will certainly be a years-long process with an emphasis on fact-finding to examine the effects of shifts in “shareholder demographics, the structure of share holdings, technology, and the potential economic significance of each proxy vote.” [2]

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