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ARTICLE · 10 JANUARY 2022

SEC Proposes To Increase Reporting Of Proxy Votes And Executive Compensation Votes

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The SEC has proposed a new rule that would require an institutional investment manager to report annually on Form N-PX how it voted proxies relating to executive compensation matters (i.e., "say-on-pay").

United StatesCorporate/Commercial Law
Katten Muchin Rosenman LLP
Katten Muchin Rosenman LLP
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The Securities and Exchange Commission (SEC) has proposed a new rule that would require an institutional investment manager to report annually on Form N-PX how it voted proxies relating to executive compensation matters (i.e., "say-on-pay"). The proposal also includes amendments to Form N-PX that would enhance the information that registered closed-end investment companies, mutual funds and exchange-traded funds are required to report annually on Form N-PX.

Investment Manager Reporting Obligation on 'Say-On-Pay' Voting Matters

The proposal would require investment managers that are subject to Section 13(f) of the Securities Exchange Act of 1934 (the Exchange Act) to report annually how they voted their proxies on executive compensation matters.

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