US SEC Proposes Rule Changes to Shift Power Over Shareholder Resolutions to States

US SEC chairman moves to give states power over shareholder resolutions

The U.S. Securities and Exchange Commission is considering rule changes for shareholder proposals. This shift could reduce investor activist influence and grant new powers to states. Regulations on shareholder proposals may become non-uniform across different states. Investors might face higher share ownership requirements to file resolutions. This change could lead to more votes against corporate board members.