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January 31, 2012

NYSE Further Restricts Broker-Discretionary Voting under Rule 452

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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"

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Manuel A. Orillac

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Antonia E. Stolper

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Domenico Fanuele*

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*Partner, Studio Legale Associato Shearman & Sterling LLP

*Partner, Studio Legale Associato Shearman & Sterling LLP

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Andrew Schleider

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Jason Lehner

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