New proxy vote reporting rules adopted by the Securities and Exchange Commission this week should have companies circling their wagons ahead of possible new enforcement, attorneys and legal scholars say. 

“I am pleased to support these amendments, because they will allow investors to better understand and analyze how their funds and managers are voting on shares held on their behalf,” said SEC Chair Gary Gensler, following Tuesday’s vote to standardize and make machine readable Form N-PX, an investment fund’s annual report on proxy votes. 

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