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Keynote Address at the John L. Weinberg Center for Corporate Governance’s 25th Anniversary Gala

· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)

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· Paul S. Atkins · U.S. Securities and Exchange Commission WikiKeynote Address at the John L. Weinberg Center for Corporate Governance’s 25th Anniversary Gala

ContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.

Why it mattersThe SEC Chair suggests companies could exclude non-binding shareholder proposals, a significant governance shift.

Problems raised
  1. Precatory shareholder proposals take up shareholder meetings.
  2. Environmental and social proposals dominate proxy seasons.
  3. Securities class actions impose heavy costs.
Solutions proposed
  1. Let companies exclude proposals not proper under state law.
  2. Respect state rules such as Texas thresholds for proposals.
  3. Review how securities litigation protects investors.
Read full speech on sec.gov ↗

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