Trump’s SEC Chairman Proposes to Disenfranchise Investors and Reduce Shareholder Democracy
In a partisan 3-2 vote, the Trump administration’s Securities and Exchange Commission (SEC) proposed to curtail the rights of investors to file proposals for a vote at company annual meetings. If adopted, these changes will hinder shareholder proposals by union members and their pension plans to hold corporate management accountable. “We strongly oppose the SEC’s shareholder proposal …
