United States: NYSE Proposes Amendments To Its Related Party And 20% Shareholder Approval Rules - Kramer Levin Naftalis & Frankel LLP

On Dec. 28, 2020, the New York Stock Exchange (NYSE) proposed amendments to its rules requiring shareholder approval prior to the issuance of securities to Related Parties or in excess of 20% of the issuer's voting power or outstanding common stock.