Although the number of shareholder proposals is increasing, support is declining across the boards. A 2009 study noted The costs directly incurred by companies during [shareholder] proposals were estimated to be about $87,000 per proposal totaling 90 million annually. The performance Over Politics act, which is included in this package, would allow issuers to defer the resubmission of shareholder proposals for three years if those proposals are similar in nature. (00:48–00:59)
CLAIM
Asserts that shareholder proposals cost companies approximately $87,000 each, totaling $90 million annually.
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