FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
SIFMA provides comments to NYSE/Euronext in support of the recommendation of the NYSE Proxy Fee Advisory Committee (PFAC) to provide a three-year pilot of a “success fee” as an incentive for broker-dealers to introduce technologies that enable beneficial shareholders to access proxy materials and vote directly from their brokers’ website.
Related: NYSE’s Revised Proxy Distribution Fees Rule Change Proposal
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