A Financial Times “Moral Money” article quotes capital markets partner and co-chair Craig Marcus on the Securities and Exchange Commission proposed amendments to the Exchange Act Rule 14a-8 that would make it more difficult for companies to exclude shareholder proposals from their proxy statements.
Craig explained that if adopted, the SEC’s rule changes would probably lead to more shareholder proposals, and prompt companies to increase engagement with shareholder proponents in an effort to negotiate withdrawals of the proposals.
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