A Global Deregulation Agenda: Part III
SEC Withdraws Shareholder Proposal Rule Amendments: Implications for Investors
Continuing our series on regulatory retreats, this Part III shifts focus to a single but pivotal U.S. development. In Part II – SEC Rule Retreat, we discussed the SEC’s mid-2025 decision to pause or pull back on a slate of rule proposals, highlighting broad implications for investo...
The article presents a case study of the political and economic dynamics surrounding corporate governance in the United States. The proposed amendments to Rule 14a-8 aimed to increase shareholder participation, but faced opposition from business groups who argued that it would lead to an excessive number of proposals and burden companies with unnecessary costs. This illustrates the ongoing tension between investor activism and corporate interests, as well as the influence of powerful lobbying gr...
