Keith Gottfried, a Morgan Lewis partner and head of the firm’s shareholder activism defense practice, is quoted in this article published by The Deal about best practices for companies concerned that the Schedule 13D rule for investment disclosures is in need of modernization. Keith is quoted throughout the article and said, in part, "Why don't they, when they list, require, in articles of incorporation, investors to notify the company when they cross a specific ownership threshold, which could be 5% or less in the case of large caps? The arguments are there for it. This is to make investors better informed. It is hard to imagine why the proxy advisory firms would oppose it."
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