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SEC Welcomes Corporate Complaints on Proxy Voting, Gensler Says

June 22, 2022, 9:11 PM

Companies unhappy with the shareholder voting mechanics should suggest fixes to the SEC, Chair Gary Gensler said.

The Securities and Exchange Commission would benefit from hearing from companies about how to improve proxy plumbing, even if the agency isn’t ready to propose changes, Gensler said Wednesday.

The Democratic chair’s remarks came a day after the White House released the SEC’s latest rulemaking agenda, which puts proxy process updates on a list of long-term actions with no timetable. The work previously was on the agency’s short-term agenda under former Chairman Jay Clayton, a Republican-leaning independent, after calls for proxy plumbing updates ...