‘The SEC guidance helps shift the balance toward the issuer, but it may require boards of directors or committees to spend significant time analyzing issues in order to exclude a proposal.’
Bryan Pitko,Stinson Leonard Street

SEC: Boards should determine shareholder proposal significance

Nov 14, 2017
Guidance helps shift balance toward issuer in significant policy issues
A recent SEC staff release ahead of the looming 2018 proxy season expresses the view that the board of directors is generally in a better position to determine the significance of a shareholder proposal, Corporate Secretary sister publication IR Magazine reports. Staff

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