SOX Center

The Securities and Exchange Commission has postponed action on a pressing proxy-voting issue until Dec. 13, leaving the issue up in the air awhile longer.

The SEC announced in September that it would take up the issue at a meeting on Wednesday, Oct. 18, but in a release late Tuesday, it said the matter would be considered along with three other items on Dec. 13. The notice didn’t specify that next week’s meeting would be postponed but an SEC spokesman confirmed that Wednesday.

In addition to taking up the proxy-voting issue, the SEC said it will finalize a proposal on using Internet proxy communications and a second proposal that would make it easier for non-U.S. companies to deregister shares that trade in the U.S. SEC guidance to help corporate managers comply with the internal-control requirements of the 2002 Sarbanes-Oxley Act also will be on the agenda for the Dec. 13 meeting, according to the SEC.

SEC postpones action on proxy voting until Dec. 13