A 2009 study noted the costs directly incurred by companies during these 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. These thresholds will respect the decision and the majority of the shareholders. I yield back. (00:59–01:11)
CLAIM
Asserts that the Performance Over Politics Act allows issuers to defer resubmission of similar shareholder proposals for three years.
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