On April 16, 2021, the Securities and Exchange Commission (SEC) reopened the comment period on its proposal originally issued in October 2016 for the use of universal proxy cards in all proxy solicitations for contested director elections that are not exempt solicitations under the proxy rules. By reopening the comment period, the SEC is again permitting interested parties to submit comments and data on the rule amendments proposed in 2016, as well as additional comments on the questions raised in the new reopening release. It also allows parties to comment on developments since 2016 when the proposing release was issued. The 2016 proposal was not finalized or adopted after the comment period expired in 2017. Continue reading >