Tuesday, November 29, 2005

SEC Proposes Internet "e-Proxy" Web Posts Instead of Paper

Via Reuters.

U.S.-listed corporations would be allowed to post proxy statements on Web sites instead of sending the bulky annual documents through the mail, under a plan proposed on Tuesday by federal regulators.

The U.S. Securities and Exchange Commission voted 5-0 to put the plan out for a 60-day public comment period, with a final vote by the commission expected to follow later.

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