In a move to align with recent regulatory changes, Booking Holdings Inc. (NASDAQ:) has amended and restated its by-laws, as reported on Monday. The decision, effective immediately, was made by the company’s Board of Directors on Wednesday last week.
The modifications to the by-laws include updates to the disclosure and procedural requirements for shareholder nominations of directors and proxy solicitation. This adjustment is in response to the universal proxy rules recently adopted by the Securities and Exchange Commission.
Moreover, the company has introduced advance notice requirements for the nomination of directors. These requirements pertain to interviews, questionnaire procedures, proxy card stipulations, and stockholder meeting protocols.
In light of developments in the Delaware General Corporation Law, Booking Holdings has also made clarifications regarding the company’s ability to hold meetings via remote communication. Provisions have been revised concerning the adjournment…