SEC Proposes Ending Shareholder Vote Oversight
The SEC proposed ending its oversight of corporate shareholder votes on issues like climate change and executive pay. Critics argue the move diminishes investor influence and reduces corporate accountability.
The United States Securities and Exchange Commission proposed ending oversight of corporate shareholder votes on topics like climate change or executive pay, shifting power to corporate managers. The move reverses decades of federal oversight, leaving governance rules to individual states. Activists warn the change will diminish investor influence on environmental matters and executive compensation.
