[Federal Register Volume 68, Number 88 (Wednesday, May 7, 2003)]
[Notices]
[Page 24530]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-11316]


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SECURITIES AND EXCHANGE COMMISSION

[Release No. 34-47778; File No. S7-10-03]


Notice of Solicitation of Public Views Regarding Possible Changes 
to the Proxy Rules

    On April 14, 2003, the Commission issued Press Release No. 2003-46 
announcing that it has directed the Division of Corporation Finance to 
formulate possible changes in the proxy rules and regulations and their 
interpretations regarding procedures for the election of corporate 
directors. As stated in that Press Release, this review will address 
the following topics:
    [sbull] Shareholder proposals;
    [sbull] The corporate director nomination process;
    [sbull] Elections of directors;
    [sbull] The solicitation of proxies for director elections;
    [sbull] Contests for corporate control; and
    [sbull] The disclosure and other requirements imposed on large 
shareholders and groups of shareholders.
    As part of this process, the Commission has asked the Division to 
consult with all interested parties, including representatives of 
pension funds, shareholder advocacy groups, and representatives from 
the business and legal communities. The Commission has requested that 
the Division provide its recommendations to the Commission by July 15 
of this year.
    We solicit public views on the topics listed above to assist the 
Division in formulating its recommendations. We are not soliciting 
responses to or comments on a particular set of inquiries but will 
consider all communications received. Any proposed rulemaking on these 
topics that the Commission may determine to publish in the future will 
be subject to separate notice and comment procedures.
    If you wish to send us your views, please submit them by hard copy 
or e-mail, but not by both methods on or before June 13, 2003. We 
strongly encourage electronic submissions. You may submit your written 
views electronically at the following electronic mail address: [email protected]. We do not edit personal identifying information, such 
as names or electronic mail addresses, from electronic submissions so 
you should submit only information that you wish to make available 
publicly. Views communicated in hard copy should be submitted in 
triplicate to Jonathan G. Katz, Secretary, Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549-0609. All 
submissions should refer to File No. S7-10-03. This file number should 
be included in the subject line if electronic mail is used. Hard copy 
submissions will be available for public inspection and copying in the 
Commission's Public Reference Room, 450 Fifth Street, NW., Washington, 
DC 20549. Electronic submissions will be posted on the Commission's 
Internet Web site (http://www.sec.gov).
    For additional information, please contact Lillian Cummins, Special 
Counsel, or Grace Lee, Special Counsel, at (202) 942-2900, in the 
Division of Corporation Finance, U.S. Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549.

    By the Commission.

    Dated: May 1, 2003.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-11316 Filed 5-6-03; 8:45 am]
BILLING CODE 8010-01-P