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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: November 2011

First Proxy Access Proposal Received

Posted in Corporate Governance

Late last week, a shareholder activist filed, what is believed to be, the first proxy access resolution for this proxy season.  The target of the proposal, MEMC Electronic Materials, Inc., is an S&P 500 company that manufactures and sells wafers and related products to the semiconductor and solar industries.  As discussed in a previous blog… Continue Reading

SEC May Have Grossly Underestimated the Costs of Proposed Conflict Mineral Disclosure Rules

Posted in Disclosure Guidance

Section 1502 of the Dodd-Frank Act mandates the SEC to adopt rules requiring reporting companies to disclose whether certain minerals used in production chains originate from the Democratic Republic of the Congo or its neighboring countries. Minerals sourced from these areas of central Africa often fund militia and other military groups’ operations which have exacerbated… Continue Reading