Thankfully, SEC Chair Paul Atkins has already rescinded some of these decisions that permitted the worst abuses of the shareholder proposal process. I'm going to move on to Mrs. Keel. In June, the D.C. district Court upheld the SEC's 2020 amendments to Rule 14A8, which set eligibility requirements for submitting shareholder proposals. In proxy statements, the court found that the SEC acted appropriately in updating the rules to increase ownership thresholds and support levels required for proposal resubm. (03:24–03:35)
CLAIM
Asserts that the D.C. district Court upheld the SEC's 2020 amendments to Rule 14A8.
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