Present But Not Accounted For: NYSE Amends Treatment Of Abstentions In Certain Shareholder Votes
By EsqSocial Corporation 06/12/21
Summary - The SEC recently approved an amendment to Section 312.07 of the NYSE Listed Company Manual which eliminates the requirement that listed companies include abstentions as “votes cast” in matters on which the NYSE requires shareholder approval. Under the revised Section 312.07, NYSE-listed companies must now tabulate abstentions in accordance with their governing documents and applicable state law....
By: Nelson Mullins Riley & Scarborough LLP