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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 … changes will undermine efforts to increase corporate responsibility for environmental, social and governance issues. "The right to petition corporate management by filing shareholder proposals is an integral part of shareholder democracy in the …