Regulacje i polityka gospodarcza · 26.09.1997

Amendments to Rules on Shareholder Proposals

The Securities and Exchange Commission (``we'' or ``Commission'') proposes revisions to the rule that opens, and then regulates, a channel of communication among shareholders, and between shareholders and the management of their companies: rule 14a-8, the shareholder proposal rule. We propose to recast rule 14a-8 into a Question & Answer format that both shareholders and companies should find easier to follow, and to modify the rule to address concerns raised by both shareholders and companies. We also propose revisions to related rules.