SEC revamps approach to shareholder proposal exclusions
By EsqSocial Corporation 01/04/25
On February 12, 2025, the Division of Corporation Finance (Staff) of the Securities and Exchange Commission (SEC) released new guidance regarding shareholder proposals submitted pursuant to Rule 14a-8 under the Securities Exchange Act of 1934, as amended (New Guidance). Under the New Guidance, companies will now have expanded ability to exclude shareholder proposals on certain bases set forth in Rules 14a-8(i)(5) and 14a-8(i)(7) under the Exchange Act. Specifically, the New Guidance clarifies...
By: Eversheds Sutherland (US) LLP