During our recent webcast – Proxy Season Post-Mortem – 20 Things” – at the 11:01 mark, Allison Handy noted these tips to consider now that universal proxy is upon us:

– More companies should be thinking about proxy contests because universal proxy might reduce costs. Proxy contests won’t become an overnight sensation, but we may well see an increase.

– This is a good time to think about your proxy calendar and add in items related to a proxy contest under the new rules, such as deadlines for notices from and to the activist.

– Connect with proxy solicitors or other advisors you would use in the event of a proxy contest, especially if you haven’t used them in a few years. Make sure you have current contact information so you are ready to react quickly if needed.

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Photo of Broc Romanek Broc Romanek

As a strategist for the firm’s Corporate & Securities practice, Broc Romanek has a deep understanding of the regulatory and environmental, social, and governance (ESG) marketplace. Prior to joining Perkins Coie, Broc served as editor at TheCorporateCounsel.net, CompensationStandards.com, and DealLawyers.com, where he oversaw…

As a strategist for the firm’s Corporate & Securities practice, Broc Romanek has a deep understanding of the regulatory and environmental, social, and governance (ESG) marketplace. Prior to joining Perkins Coie, Broc served as editor at TheCorporateCounsel.net, CompensationStandards.com, and DealLawyers.com, where he oversaw and managed coverage on issues related to ESG, corporate governance, executive pay, deals, and market trends and analysis.

In addition to his nearly two decades of working as a journalist and publisher, Broc served as assistant general counsel at a Fortune 50 company, worked in the Office of Chief Counsel of the U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance, was a counselor to former SEC Commissioner Laura Unger, and worked in private practice. He also is the author, or co-author, of four legal treatises, and has authored several books focused on the legal industry.