USA: SEC consults on amendments to shareholder proposal rule

Rather belatedly I note proposals by the SEC, published earlier this month, to amend the process whereby shareholder proposals are included in a company's proxy statement: see here. The proposed changes would be significant if made and that is one of the reasons why there has been a call for the SEC to extend the period for comment (see, e.g., the letter sent by the Council of Institutional Investors: here, pdf).