By Howard E. Berkenblit
In 2007 the Securities and Exchange Commission said that companies no longer needed to send printed proxy materials to investors, but could mail a postcard with the web address for those documents instead. Considering that most investors had begun checking corporate filings on the Internet years earlier, the rule change was long overdue and the SEC was perceived to be lagging behind the communications curve.
But that perception may be changing today. Two recent moves by the SEC would suggest the Commission is still going to be the deliberative regulator that it has been, but with a greater effort to keep pace with the changing communications times.
