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New page: A '''shareholder proposal''' is an issue that shareholders may put to a vote at a corporation's annual meeting, by virtue of its inclusion, at the corporati...
A '''shareholder proposal''' is an issue that [[shareholder|shareholders]] may put to a vote at a [[corporation|corporation's]] annual meeting, by virtue of its inclusion, at the corporation's expense, on the management's [[proxy statement]]. The [[SEC]] defines what is or is not proper material for a shareholder proposal in Rule 14a-8. Among others, a shareholder proposal may not:
# Cause the corporation to, if enacted, violate state law or federal law,
# Be based on a purely personal grievance,
# Be contrary to management's own proposal,
# Deal with ordinary company business, or,
# Be irrelevant, by virtue of its non-impact.
[[category:Corporations]]
# Cause the corporation to, if enacted, violate state law or federal law,
# Be based on a purely personal grievance,
# Be contrary to management's own proposal,
# Deal with ordinary company business, or,
# Be irrelevant, by virtue of its non-impact.
[[category:Corporations]]