Shareholder proposals in the Crosshairs: the SEC’s Rescission of Rule 14a-8 and Amendments to Rule 14a-4(c)
For 84 years, Rule 14a-8 has been central to U.S. capital markets since its Depression-era origins. It has been the quiet workhorse of shareholder activism as the federal rule letting any investor with a modest stake force a proposal onto a company's official ballot. Climate...