The SEC’s new rules for electronic delivery of proxy materials should cut costs and increase efficiency – but take-up may be slow, finds Mike Reilly
Getting out the vote has a new meaning in the world of corporate proxies. The decision by the SEC in December 2006 to okay electronic distribution of materials will help muster more votes from retail investors, according to some experts in the field. But there is another side to the story: a couple of groups that speak out for small investors are saying fewer people may vote as a result. The largest chunk of shares voted comes from institutions, of course, as they own the most stock. They
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