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Binding Bylaw Proposals as a Potential Alternative to Precatory Proposals

By Randi Morrison posted 12 days ago

  

Cooley’s “‘We Will Get By, We Will Survive’ – The Future of Shareholder Proposals” discusses—among other things—the potential for an uptick in binding bylaw proposals in response to SEC Chair Paul Atkins’ recent remarks regarding companies’ ability to potentially exclude precatory shareholder proposals and the staff’s change in approach as to no-action requests. The post provides an overview of what can and cannot and is likely / unlikely to be the focus of a binding bylaw proposal and action items companies may wish to consider to bolster their bylaw defenses, as well as other relevant considerations, including investor and proxy advisor expectations and policies.

Access additional resources on our Shareholder Proposals page.

                      This post first appeared in the weekly Society Alert!

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