Phil Smoke

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As the use of social media continues to grow, social media is likely to play an increasingly more prominent role in proxy contests. In this context, the recent Compliance and Disclosure Interpretations issued by the SEC’s Division of Corporation Finance provide helpful clarifications on how social media outlets can be used in proxy contests in compliance with SEC regulations. SOCIAL MEDIA’S IMPACT ON PROXY CONTESTS Activist investors have used social media and have at times…