SEC Raises Bar For Shareholder Resolutions

The Wall Street Journal
September 23, 2020

Howard Berkenblit was quoted in the article, "SEC Raises Bar For Shareholder Resolutions," which was published in the Wall Street Journal on September 23, 2020 [sub. req.]. 

In the article, Howard discusses a recent 3-2 vote by the SEC to curb the eligibility of shareholders to submit proposals for a vote at companies' annual meetings. Most notably, the rule raises the amount of stock a shareholder must hold in order to submit a proposal for consideration. According to Howard, the vote marks a win for company executives who wish to avoid costly and tedious proposal review processes and "often feel their feathers are ruffled if some shareholders are trying to dictate that a company must have a particular policy." 

Related People

Related Practices

Jump to Page