The Securities and Exchange Commission voted to adopt amendments to its proxy rules, allowing companies to provide proxy materials through the Internet.
With the decision, financial institutions are expected to slash production costs, boost customer service and help mitigate global warning. Also in response to the decision, Insight Forums will produce the Shareholder Notice and Access Symposium 13 February at the Harvard Club of Boston.
The event will highlight strategies for redesigning and eliminating printed documents, realizing projected savings of hundreds of millions of dollars and trees.
Deborah Gangloff, executive director of American Forests, wrote to the SEC saying the new rules will have a dramatic effect on the environment and will “prevent 100,000 tons of paper from going to the nation’s landfills each year and eliminate 380,000 tons of greenhouse gas emitted in the manufacturing process.”