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Disclosure Regarding Nominating Committee Functions and Communications Between Security Holders and Boards of Directors

SEC · final-rule · Published 2003-11-28 · Effective 2004-01-01 · 68 FR 66992

Document

Document number
03-29723
Federal Register citation
68 FR 66992
CFR reference
17 CFR 228
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US Securities and Exchange Commission
Publication date
2003-11-28
Effective date
2004-01-01
Docket
Release Nos. 33-8340

Abstract

We are adopting new disclosure requirements and amendments to existing disclosure requirements to enhance the transparency of the operations of boards of directors. Specifically, we are adopting enhancements to existing disclosure requirements regarding the operations of board nominating committees and a new disclosure requirement concerning the means, if any, by which security holders may communicate with directors. These rules require disclosure but do not mandate any particular action by a company or its board of directors; rather, the new disclosure requirements are intended to make more transparent to security holders the operation of the boards of directors of the companies in which they invest.

Source

Authoritative
Federal Register document
Machine
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