A coalition of business groups is petitioning the Securities and Exchange Commission to increase the percentage of favorable votes that are required before a company is obligated to include proposals shareholders previously rejected in their proxy materials.
Signing onto the Petition for Rulemaking are the U.S. Chamber of Commerce, National Association of Corporate Directors, National Black Chamber of Commerce, American Petroleum Institute, American Insurance Association, The Latino Coalition, Financial Services Roundtable, Center on Executive Compensation, and Financial Services Forum.
