SEC Determines That Shareholder Climate Change Proposals Should Not Be Excluded

This 7 days, the SEC issued a new team authorized bulletin about shareholder proposals, which stated, as a make any difference of SEC policy, that proposals “ask for[ing] businesses adopt timeframes or targets to tackle local weather modify” are no extended regarded as excludable beneath Rule 14a-8. (This rule allows companies to exclude specified shareholder proposals from staying regarded, albeit just after critique by the SEC.) This policy determination by the SEC usually means that companies will experience a presumption that shareholder…
By: Mintz