Rules Navigator

Register

Out with the new, in with the old: SEC’s staff bulletin on shareholder proposals

Image of people seated at a table during a meeting.
Photo: Bryan Steffy/Getty Images for The Creative Coalition

Julie DiMauro

 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

Many companies have already submitted requests seeking exclusion of proposals pursuant to Rule 14a-8.

The SEC’s Division of Corporation Finance just published Staff Legal Bulletin No. 14M (SLB 14M), rescinding Staff Legal Bulletin No. 14L (SLB 14L), which came into force in November 2021.

By rescinding SLB 14L, the SEC has now narrowed the ability of registered firms to exclude shareholder proposals with “broad societal

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in
, , , , , ,
You may also like