On November 17, 2025, the SEC’s Division of Corporation Finance announced that it will largely refrain from issuing responses to company requests to exclude shareholder proposals under Exchange Act Rule 14a-8—except where exclusion is sought on the basis that the proposal is not a proper subject for shareholder action under
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SEC Chairman Addresses Potential Reforms Relating to Shareholder Proposals and Shareholder Litigation
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Our recent Client Alert discusses a much-publicized keynote address by SEC Chairman Paul S. Atkins at the University of Delaware’s John L. Weinberg Center for Corporate Governance. While formal rulemaking is stalled due to the government shutdown, his comments signal possible reforms relating to shareholder proposals and shareholder litigation.
Apart…
Continue Reading SEC Chairman Addresses Potential Reforms Relating to Shareholder Proposals and Shareholder Litigation