Shearman Logo

balance scale

Jan 31, 2012

NYSE Further Restricts Broker-Discretionary Voting under Rule 452

Subscribe

Jump to...

 
The NYSE has issued guidance further restricting broker-discretionary voting on certain types of corporate governance matters under Rule 452. Rule 452 governs when a broker can vote a customer's shares without receiving voting instructions from the customer. The NYSE's guidance is effective immediately and will affect the 2012 proxy season.

View full memo, "NYSE Further Restricts Broker-Discretionary Voting under Rule 452"

Authors and Contributors

Lee Edwards

Partner

Mergers & Acquisitions

+86 10 5922 8001

+86 10 5922 8001

Beijing

Matthew Bersani

Partner

Capital Markets

+852 2978 8096

+852 2978 8096

Hong Kong

Tobia Croff

Partner

Capital Markets

+39 02 0064 1509

+39 02 0064 1509

Milan

Fabio Fauceglia

Partner

Mergers & Acquisitions

+39 02 0064 1508

+39 02 0064 1508

Milan

Stephen T. Giove

Partner

Capital Markets

+1 212 848 7325

+1 212 848 7325

New York

Lisa Jacobs

Partner

Capital Markets

+1 212 848 7678

+1 212 848 7678

New York

Manuel A. Orillac

Partner

Capital Markets

+1 713 354 4886

+1 713 354 4886

Houston

Antonia E. Stolper

Partner

Capital Markets

+1 212 848 5009

+1 212 848 5009

New York

Hervé Letréguilly

Partner

Capital Markets

+33 1 53 89 71 30

+33 1 53 89 71 30

Paris

Sami Toutounji

Partner

Compensation, Governance & ERISA

+33 1 53 89 70 62

+33 1 53 89 70 62

Paris

Domenico Fanuele

Partner

Capital Markets

+39 06 697 679 210

+39 06 697 679 210

Rome

Robert Ellison

Partner

Capital Markets

+55 11 3702 2220

+55 11 3702 2220

São Paulo

Andrew Schleider

Partner

Capital Markets

+65 6230 3882

+65 6230 3882

Singapore

Masahisa Ikeda

Partner

Capital Markets

+1 212 848 5378

+1 212 848 5378

New York

Jason Lehner

Partner

Capital Markets

+1 416 360 2974

+1 416 360 2974

Toronto