CorpFin Staff to Respond in Writing to Shareholder Proposal Requests

By George Wilson

On December 13, 2021, in this brief Announcement, the CorpFin staff stated they will return to the policy of issuing written responses to all shareholder no-action letter requests. The Division’s response letters will be posted on their website.  In 2019, the Division implemented a policy of responding in writing only in limited instances and instead provided information in a chart on their webpage. The Division expects to publish a similar chart at the end of the proxy season.

The policy change to respond to all written no-action requests in writing is effective from December 13, 2021, the publication date of the notice.

As always, your thoughts and comments are welcome!

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