What Happened
On Tuesday, November 5, the Commission proposed new rules to enhance shareholder engagement in the corporate governance of public companies. The proposals would modernize SEC rules to increase transparency, improve disclosures of conflicts of interest, and increase confidence in the proxy process for voting in shareholder meetings.
Why It Matters
Shareholder engagement is a hallmark of our markets. Over the years, the Commission has heard a variety of concerns related to the proxy process, which facilitates shareholder voting, and suggestions to improve it.