Comment on the SEC rulemaking to eliminate shareholder proposals in the U.S.
The U.S. Securities and Exchange Commission has solicited public comment on its proposed rescission of its longstanding shareholder proposal rule (Rule 14a-8). Concerned investors are encouraged to submit written comments to the SEC on the proposed rulemaking prior to the November 20, 2026 comment period deadline.
On September 16, 2026, the U.S. Securities and Exchange Commission (the "SEC") solicited public comment on its proposed rescission of its longstanding shareholder proposal rule (Rule 14a-8). If adopted, the SEC’s proposed rulemaking will eliminate the longstanding right of stockholders under the federal proxy rules to have their shareholder proposals included in company proxy statements. Concerned investors are encouraged to submit written comments to the SEC on the proposed rulemaking prior to the November 20, 2026 comment period deadline.
Shareholder proposals have been a feature of shareholder democracy in the United States since 1942. By eliminating the SEC's longstanding shareholder proposal rule, the Trump Administration is proposing to disenfranchise investors from the ability to have a voice in U.S. public company annual shareholder meetings. We encourage all concerned investors to submit a comment letter opposing this rule change to the SEC prior to November 20, 2026 via the SEC's comment letter portal: https://www.sec.gov/rules-regulations/2026/09/s7-2026-32#34-106383proposed.
- Governance
- Shareholder rights
- United States