Under SEC rules, a proxy document must:

Question

Quizplus · Accepted Answer

The SEC has power under the 1934 Act to make rules about proxy statements. The proxy statement must give certain information. For example, if directors are to be elected, information must be given about any employment contract and pension or stock option benefits and any material transaction between a nominee and the corporation. The proxy document, under SEC rules, must permit shareholders a choice of voting for or withholding their vote from all of the management slate of directors.

Under SEC Rules, a Proxy Document Must