Back in 2015 (and for many years before and after that) I said: “I believe we need a long-term project to get the SEC out of the business of policing shareholder proposals.”
I guess 11 years counts as “long-term.” Bravo @SECPaulSAtkins!
TODAY🚨: The SEC proposed rescinding Rule 14a-8, which exceeds the scope of the agency's statutory authority and intrudes into matters of state law.
The SEC also proposed amendments to Rule 14a-4(c) to provide companies with greater flexibility and shareholders with greater control regarding proposals for which a company may seek discretionary proxy voting authority.