Difference between revisions of "Shareholder proposal"
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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...) |
DavidB4-bot (talk | contribs) (→top: clean up & uniformity) |
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| − | A '''shareholder proposal''' is an issue that [[shareholder | + | A '''shareholder proposal''' is an issue that [[shareholder]]s 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, | # Cause the corporation to, if enacted, violate state law or federal law, | ||
# Be based on a purely personal grievance, | # Be based on a purely personal grievance, | ||
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# Be irrelevant, by virtue of its non-impact. | # Be irrelevant, by virtue of its non-impact. | ||
| − | [[ | + | [[Category:Corporations]] |
Latest revision as of 19:13, July 13, 2016
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 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.