Skip to main content
A cluster of dim light bulbs with one bright bulb in the center.

Excluding Shareholder Proposals May Get Tougher with SEC Proposal

An SEC proposal would update three of the substantive bases for excluding a shareholder proposal from a company’s proxy statement.  
banner background

The number of shareholder proposals continues to rise, with the 2022 proxy season already breaking the previous record set in 2021. On July 13, 2022, the SEC voted three to two to issue a proposal to update three of the substantive bases for excluding a shareholder proposal from a company’s proxy statement. This article provides details on the proposed changes, which would restrict the grounds for excluding shareholder proposals and, if adopted, would most likely increase the number of shareholder proposals that would have otherwise been excluded under prior SEC conclusions.

Download PDF

Related FORsights

Like what you see?
Subscribe to receive tailored insights directly to your inbox.