In the aftermath of December’s adoption by the Securities and Exchange Commission (SEC) of amendments to enhance information provided in proxy solicitations, the Corporate Library has published an overview entitled “What To Expect During Proxy Season 2010.” The report is available for free download on the Corporate Library’s website. The SEC’s ruling on Proxy Disclosure Enhancements requires companies to disclose in their proxy statements the relationship of their compensation policies and practices to risk management, the backgrounds and qualifications of directors, legal actions involving executive officers or directors, diversity in selection of directors, board oversight of risk management, awarding of stock to executives and directors, and potential conflicts of interest of compensation consultants. When the ruling was announced, SEC Chairman Mary Schapiro said, “Accountability is impossible without transparency. By adopting these rules, we will improve the disclosure around risk, compensation, and corporate governance, thereby increasing accountability and directly benefiting investors.” Image: ecgi.org. More…

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