Shareholders (and ISS) Won Big With Universal Proxy Card in 2023

By Michael R. Levin August 23, 2023 by Michael R. Levin

Now that proxy season has wrapped up, we thought we’d look back at the experience with universal proxy card (UPC). Overall, shareholders expressed their preferences in BoD elections with precision. Proxy advisors, in particular ISS, saw their recommendations win in

…

Does SEC Commissioner Want to Kill Shareholder Proposals?

By Michael R. Levin July 12, 2023 by Michael R. Levin

Based on his recent speech to the Society for Corporate Governance, it certainly seems as if SEC Commissioner Mark Uyeda would welcome an end to shareholder proposals. He proposes ideas that would empower companies to limit severely how shareholders could …

The Second Universal Proxy Card Hits EDGAR

By Michael R. Levin October 26, 2022 by Michael R. Levin

Last month, the first universal proxy card (UPC) hit EDGAR under the new SEC rule. We now have another example, with some interesting tidbits for aficionados and proxy junkies, and also for anyone who seeks an edge in proxy contest …

Universal Proxy Cards and the 67 Percent Solution

By Michael R. Levin June 7, 2022 by Michael R. Levin

The upcoming Universal Proxy Card (UPC) presents activist investors with only one potentially significant new burden: solicit two-thirds of the shares in a proxy contest at a portfolio company. Everything else in the new rule, including the new proxy card …

The CLS Blue Sky Blog

Columbia Law School's Blog on Corporations and the Capital Markets

Michael R. Levin

Shareholders (and ISS) Won Big With Universal Proxy Card in 2023

Does SEC Commissioner Want to Kill Shareholder Proposals?

The Second Universal Proxy Card Hits EDGAR

Universal Proxy Cards and the 67 Percent Solution