SEC Approves New Rules to Crush Shareholder Voices
New rules will increase material risk to corporationsQ2 2020 hedge fund letters, conferences and moreBERKELEY, CA—SEPT. 23, 2020—The Trump administration’s U.S. Securities and Exchange Commission (SEC) today voted to reduce shareholders’ right to raise material issues of concern to be voted on at corporate annual meetings. This rule change is intended to curb decades of successful shareholder proposals that encourage companies to address the growing material risks associated with environmental, social, and governance (ESG) issues.ESG Issues Have Material Impacts On Company ValueThe SEC's new r...