|SEC Proposes Internet 'E-Proxy' Posts|
|Reuters News Wire (email@example.com)|
Tue, 29 Nov 2005 12:38:59 -0600
U.S.-listed corporations would be allowed to post proxy statements on|
Web sites instead of sending the bulky annual documents through the
mail, under a plan proposed on Tuesday by federal regulators.
The U.S. Securities and Exchange Commission voted 5-0 to put the plan
Aimed at saving postage and printing costs, the so-called "e-proxy"
"Studies show that today 75 percent of Americans now have access to
Under the proposed rule, investors would still have to get written
The SEC requires corporations to issue a range of disclosures and
Proxy statements contain information about matters to be decided by
The present system of mailing out proxies is costly, but past efforts
Copyright 2005 Reuters Limited.
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