Business · CA ·
SEC proposes eliminating shareholder proposal rule in place for over 80 years
The Globe and Mail · Business
Published · Updated
- The SEC announced plans to scrap a rule enabling investors to file shareholder proposals at U.S. public companies for more than 80 years.
- Shareholder proposals are recommendations by investors advocating for improved corporate governance on issues like executive compensation and diversity.
- The SEC was created to protect investors after the 1929 stock market crash.
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