The WSJ reported that CII, the Business Roundtable and others are negotiating changes to the shareholder proposal submittal and resubmittal thresholds, which may include changes to the $2,000 minimum ownership threshold for proposal submittals, as well as increasing the current 3%|6%|10% support thresholds for resubmittals:
Amy Borrus, deputy director at the Council of Institutional Investors, said the groups are "engaged in a dialog on a number of issues, including resubmission thresholds, to clarify differences and see if we can find common ground."
Business Roundtable SVP Maria Ghazal said: "You should have to show that you're on the path to majority approval."
Any consensus changes among the groups would still need SEC approval in the form of Rule 14a-8 rulemaking.