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Improving The Shareholder Proposal Process: Statement On Proposed Amendments To Rule 14a-8, SEC Commissioner Allison Herren Lee, July 13, 2022

<p><span>Shareholder proposals represent a key mechanism for shareholders to engage with management, put issues of importance on the proxy ballot, and generally enhance oversight and accountability. Through this process, shareholders have introduced significant improvements in corporate governance including majority vote rules for the election of directors, elimination of staggered board terms, limits on poison pills that serve to entrench management, and requirements for independent...
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Protecting The Independence Of The Proxy Voting Process: Statement On Amendments Governing Proxy Voting Advice, SEC Commissioner Allison Herren Lee, July 13, 2022

<p><span>The free and fair exercise of shareholder voting rights is essential to a well-functioning system of corporate democracy, one that helps ensure that shareholders can exercise appropriate oversight of the companies they own. As shareholders increasingly vote through institutional asset managers, proxy advisors play a unique and important role in informing that process and enabling shareholders to protect their interests and their capital.  </span></...
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Statement On Proposed Amendments For Substantial Implementation, Duplication, And Resubmission Of Shareholder Proposals Under Exchange Act Rule 14a-8 , SEC Commissioner Mark T. Uyeda, July 13, 2022

<p><span>Thank you, Chair Gensler. The Rule</span><span> being discussed today was so recently amended</span><span> that the Commission has not had the chance to determine the effects of those changes.</span></p>
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Statement On Adoption Of Amendments To Proxy Rules Governing Proxy Voting Advice & Proposal Of Amendments To Rule 14a-8, SEC Commissioner Caroline A. Crenshaw,, July 13, 2022

<p><span>In the past, corporate democracy was traditionally exercised in-person at an annual meeting. At these meetings, company shareholders gathered together physically, in a room, to cast their votes on a variety of issues ranging from the election of directors to employee working conditions.</span><span> Today, with two years of COVID telework and remote technology under our belt, that may seem as antiquated as my parents’ landline rotary phone. The...
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