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The SEC's Proposed Amendments to Rule 14a-8: Implementing Substantial Changes to the Shareholder Proposal Exclusion Framework | Orrick, Herrington & Sutcliffe LLP

Over the better part of two decades, the SEC has been narrowing the bases for excluding shareholder proposals, resulting in greater access to proxy statements for shareholders to force...
Exchange Act Rule Herrington Sutcliffe Federal Register Proposed Amendments Substantial Implementation

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...
Division Of Corporation Division Of Economic Corporation Finance Risk Analysis General Counsel Shareholder Proposals

Business rescue finalised: SAA cleared for take-off

Business rescue finalised: SAA cleared for take-off South African Airways’ business rescue process has finally ended, with the rescue practitioners wrapping up their efforts and filing an implementation notice with authorities. South African Airways (SAA), which was placed into business rescue in December 2019, is now back in the hands of its own management team since business rescue practitioners Leslie Matuson and Siviwe Dongwana terminated the airline’s drawn-out rescue process by filing...
South Africa South African Leslie Matuson Thomas Kgokolo Siviwe Dongwana Mango Airlines

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