SEC Set To Tackle Shareholder Proposal, Proxy Reg Revisions
Law360 (June 13, 2019, 8:35 PM EDT) -- The U.S. Securities and Exchange Commission is considering changing the thresholds for submitting shareholder proposals and amending regulations that could affect proxy firms, potentially tackling two hot-button corporate governance topics that some lawyers say are ripe for action.
What the changes may look like is unclear, but securities and capital markets attorneys anticipate some proposals in the next year, given recent additions to the agency’s regulatory agenda.
The SEC, in a semiannual agenda filed with the federal Office of Management and Budget, said in late May that it is considering amending decades-old rules that determine how shareholders can submit and resubmit...
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