For information on the Division's processing of Rule 14a-8 no-action requests, see our informal procedures regarding shareholder proposals. All incoming requests and supplemental correspondence must be submitted to the Division using our online Shareholder Proposal Form.

This section addresses when a company must include a shareholder's proposal in its proxy statement and identify the proposal in its form of proxy when the company holds an annual or special meeting of shareholders.

Division of Corporation Finance Informal Procedures Regarding Shareholder Proposals

Jan 3, 2023 · Key Takeaways: The SEC’s “shareholder proposal rule” was adopted to provide proponent shareholders access to management and fellow shareholders, but with limits to ensure that such access was not being misused or abused for personal gain.

Nov 18, 2024 · ISS-Corporate reviewed the data of shareholder proposals submitted at U.S. companies from July 2014 to June 2024 and examined how shareholder proposals as well as corporate behavior and disclosures on sustainability and corporate governance have changed over the decade.

Dec 14, 2022 · Rule 14a-8 of the Securities Exchange Act of 1934 provides a framework allowing a public company shareholder to request that a proposal be included in the company’s proxy statement, to be voted upon at a company’s shareholder meeting.

Last year, there were 673 shareholder proposals up for vote. A shareholder proposal is a formal recommendation, request, or requirement for the board of directors to take action on a specific issue. Proposals are usually presented at the annual shareholder meeting.

Shareholder Proposals - The Basics - 1. Why do Investors file Proposals? - 2. What are the Required Ownership Thresholds? - 2. When can I Submit a Shareholder Proposal? - 3. How to Submit a Shareholder Proposal? - 3. How to Write a Strong Proposal? - 4. What is an example of a successful shareholder proposal? - 5. What happens after I submit a ...

Jun 5, 2023 · Investors have used this powerful tool to advocate for changes they believe will enhance shareholder value, such as limiting CEO pay or improving product safety. And in some cases, investors have...

A “Shareholder Proposal” is an essential component in the tool kit of any investor activist or corporate gadfly. Basically, a shareholder proposal is a document recommendation that a shareholder formally submits to a publicly traded company advocating the company take a specific course of action.