SEC’s proposed new rules could stymie shareholder engagement

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The power of the shareholder to hold accountable the companies in which they invest is under threat in the US.

On Tuesday, the SEC’s commissioners voted three-to-two in favour of a 179-page book of proposals to revise its rules around shareholder resolutions.

The SEC maintains that the new proposals will make the shareholder resolution process more efficient. Read Full Article - Euromoney, November 7, 2019