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SEC Proposes Changes to Shareholder Proposal Rule

Alert July 18, 2022

SEC Proposes Changes to Shareholder Proposal Rule

July 18, 2022, Covington Alert

On July 13, 2022, the Securities and Exchange Commission (SEC) proposed amendments to the shareholder proposal rule, Rule 14a-8 under the Securities Exchange Act of 1934. If adopted, these changes would narrow the scope of three parts of the rule that companies may utilize to exclude shareholder proposals.

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