The SEC's Stealthy Power Grab The Securities and Exchange Commission's (SEC) recent move to strip itself of oversight over shareholder resolutions and hand power back to individual states is a stealthy power grab that has far reaching implications for corporate governance, transparency, and accountability.
At its core, the SEC's rule 14a 8 ensures that shareholders can hold companies accountable through proposals submitted during annual proxy statements.
This safeguard has been instrumental in forcing corporations to address pressing issues like climate change, executive compensation, and social responsibility.