The SEC is blunting investor activism over climate, K-cups and gay rights
The SEC is blunting investor activism over climate, K-Cups and gay rights
By Steven Mufson April 9 Washington Post
Shareholders battling corporate management over everything from greenhouse gas emissions to discrimination to wasteful K-Cups are finding it more difficult to put their proposed proxy resolutions to votes as a result of new guidance issued by the Securities and Exchange Commission.
The SEC has widened the definition of “micromanaging” and business relevance, and on three occasions this year sided with companies that have refused to put proposals on shareholder proxy ballots.
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