The Securities and Exchange Commission announced that it will hold an open meeting on September 16, 2020, which will be webcast. The meeting agenda has one item; the SEC will “consider whether to modernize and enhance the efficiency of the shareholder-proposal process for the benefit of all shareholders by adopting amendments to certain procedural requirements for the submission of shareholder proposals and the provision relating to resubmitted proposals under Rule 14a-8. The amendments being considered seek to modernize the system for the first time in over 35 years and reflect many years of engagement by Commission staff with investors, issuers and other market participants.” See the notice here.
