Regulatory Alerts2024-07-11
SEC MC No. 11, Series of 2024: Minutes of the Meeting of Stockholders
The Securities and Exchange Commission mandates all publicly listed companies to upload the minutes of their regular and special stockholders' meetings to their websites within five business days. The regulation specifies required content such as attendance, voting results, and questions, and requires signatures by the Corporate Secretary or Assistant Corporate Secretary. Non-compliance with these disclosure and posting requirements subjects companies to basic and monthly monetary penalties, with the rule taking effect on July 15, 2024.
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