I’ve just seen a presentation in which the Broadridge presenter says companies must provide a website that is “cookie free.” Nonsense.
That is not the case. Actually, using Broadridge to host your proxy materials is a dumb thing to do because it will negatively impact the user experience for your company’s shareholders.
So here’s what you need to know:
OK, hope I’ve cleared that up. Here’s the full text of the SEC’s final rules requiring online proxy materials (PDF 424 KB, 72 pages). It’s explained very clearly, so I can’t understand why the Broadridge folks don’t understand it.
If you’re interested, Wikipedia’s explanation of cookies is a good one.