HB4641: Performance over Politics Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if such proposals are substantially similar to previously included proposals.
Plain-language summary
This bill would let companies exclude shareholder proposals from proxy materials if similar proposals were already included before. A proxy is a document that lets shareholders vote on company matters without attending meetings. The bill applies to solicitations seeking shareholder approval or consent. Currently, companies can only exclude certain types of shareholder proposals under existing rules. This bill has been introduced and is awaiting review.
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HB4641: Performance over Politics Act