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On September 23, 2020, the Securities and Exchange Commission (“SEC”), adopted amendments to Rule 14-8 under the federal proxy rules, which govern the manner in which shareholders may seek to include a proposal in a company’s proxy statement to shareholders. Rule 14a-8 requires companies that are subject to the federal proxy rules to include certain shareholder proposals in their proxy statements, subject to certain procedural and substantive requirements.
The amendments will apply to any proposal submitted for an annual or special meeting to be held on or after January 1, 2022. The amendments also provide for a transition period with respect to the ownership thresholds that will allow shareholders meeting specified conditions to rely on the current $2,000/one-year ownership threshold for proposals submitted for an annual or special meeting to be held prior to January 1, 2023.
New York State has joined New York City and Westchester County in mandating that employers provide guaranteed sick leave to employees. The New York State Sick Leave Law (the “NYSSLL”) was passed earlier this year and goes into effect on September 30, 2020. For existing employees, the leave begins to accrue on September 30 and employees may begin using sick leave under the NYSSLL on January 1, 2021. The NYSSLL guarantees all individuals employed within New York State (full-time and part-time) sick leave each calendar year based on eligibility and employer status.
Eleven years ago, I boarded the flight home to New York late on a Friday afternoon in late May with my heavy briefcase slung from my shoulder. It had been a tough day of meetings in the D.C. area as in-house counsel for a software company, and I was tired and anxious to get home.
PN Practical News Legal Alert - New York's Child-Parent Security Act ("CPSA") Provides a Clear Path to Parenthood and Protections for Surrogates and Donors
New York law currently criminalizes surrogacy arrangements where a woman is paid for carrying a child, which has forced many families to travel to other states to take advantage of their compensated surrogacy regimes. That is all about to change.