Reported 2 days ago
The Securities and Exchange Commission (SEC) under acting chair Mark Uyeda has enacted new policies that significantly empower corporate boards, potentially hindering investor-driven reforms. These changes make it easier for boards to block shareholder resolutions, impose stricter filing requirements on passive funds, and limit investor communications. This shift reflects skepticism towards environmental, social, and governance (ESG) considerations and could create challenges for activists aiming to influence corporate policies.
Source: YAHOO