Regulator cites resource and timing considerations as reason for change.
SEC Rule 14a-8
Allows eligible shareholders of public companies to include proposals in the company’s proxy materials for a vote at the annual meeting, serving as a key mechanism for shareholder engagement and corporate governance.
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Many companies have already submitted requests seeking exclusion of proposals pursuant to Rule 14a-8.
Peirce's prepared remarks at the Northwestern Securities Regulation Institute outlined seven principles a newly comprised securities watchdog should follow.
