The SEC updated its Proxy Rules and Schedule 14A Manual of Publicly Available Telephone Interpretations and the 1999 Supplement. The SEC said that it is continuing a process of updating broader "Compliance and Disclosure Interpretations" relating to the proxy rules.
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The SEC Division of Corporation Finance changed its intake procedures for issuers requesting "informal, non-binding staff views regarding companies' intentions to exclude shareholder proposals from their proxy statements."
The House Financial Services Committee considered testimony on the impact of ESG proxy proposals and recommendations to reform the shareholder proposal process.
SEC Commissioner Mark T. Uyeda described a number of policy approaches to prevent "value-eroding" shareholder proposals from being part of the annual shareholder meeting process.
A public company and its former executive vice president settled SEC charges for disclosure violations in proxy statements.