Simpson Thacher in the News
Go Back
A.J. Kess Quoted in Agenda Week on SEC Proxy Access Announcement
02.12.15
This is only gets display when printing
Corporate Partner A.J. Kess was quoted in an Agenda Week article, “Boards Face Tough Choices on Proxy Access.” The article discusses the effects of a recent announcement by the SEC not to issue any more no-action letters, based on a rule permitting companies to exclude shareholder proposals that directly conflict with one of their own without being pursued, during this proxy season. A.J. commented that the SEC’s decision is “not really like changing the rules of the game shortly prior to the game, but literally in the middle of the game...It’s introduced a whole layer of complexity and risk.”