July 2022
The SEC’s changes to the proxy rules recognize the importance of corporate governance and the voice of investors in such matters as the election of directors, merger applications, and shareholder proposals. The final rulemaking and new proposed rule are consistent with the broader regulatory focus on effective, transparent, and timely governance (key tenets of the “G” of ESG). Further, soliciting public comment is also becoming foundational to how regulators seek input on their own rulemakings, as seen by recent RFIs issued by the CFPB and the FTC directly to consumers.