SEC to Consider Changes to Rules on Proxy Advisors and Shareholder Proposals

On May 22, the SEC released its spring agenda for 2019, which includes plans to consider updates to its rules on proxy advisors and shareholder proposals. According to the agenda, the SEC is considering possible rule amendments to address proxy advisors’ reliance on the proxy solicitation exemptions in Rule 14a-2(b) and the current thresholds for filing shareholder proposals under Rule 14a-8. The agenda indicates that the SEC expects to act on both of these items and release advanced notice of proposed rule-making by April 2020. The full SEC agenda is available here.