HB4640: To authorize the exclusion of shareholder proposals from proxy or consent solicitation material if the subject matter of the shareholder proposal is environmental, social, or political.
- 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 the subject matter of the shareholder proposal is environmental, social, or political.
Plain-language summary
This bill would allow companies to exclude shareholder proposals from proxy materials if those proposals address environmental, social, or political issues. Shareholder proposals are requests by company owners that get voted on by all shareholders. Proxy materials are documents companies send to shareholders for voting on company matters. The bill would change current rules that require companies to include most shareholder proposals. The bill was introduced in the House and is currently pending review.
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HB4640: To authorize the exclusion of shareholder proposals from proxy or consent solic…