SEC Staff Guidance on “Controlling Group” Is the Only Firm Line Drawn This Cycle
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Three documents entered the record this week — a staff guidance, a certified election result and a legislative proposal — and none of them actually settles what it addresses. Three documents entered the record this week — a staff guidance, a certified election result and a legislative proposal — and none of them actually settles what it addresses. SEC staff draw a line on governance voting, not a rule The SEC staff guidance states plainly that " unaffiliated holders who simply vote on governance proposals generally do not form a controlling group ," language carried by four feeds and named…
Source: TheCoinrise
