SEC Changes Shareholder Vote Rules, Impacting Activist Proposals
Update: 2025-11-18
Description
SECs New Policy on Shareholder Resolutions: A Shift in Power DynamicsThe Securities and Exchange Commission (SEC) has introduced a new policy, making it more challenging for activists to push for votes on significant issues like climate change or workplace diversity. This change, expected to last until at least June, eliminates the SECs review of common company objections, such as late filings or insufficient share ownership. However, legal reasons, like state laws, will still be considered. This shift, influenced by SEC Chairman Paul Atkins views, may lead companies to rely on state exemptions when blocking proposals. The SEC claims this decision aims to prioritize urgent matters like capital formation and investor protection, following the government shutdown.
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