This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

SEC issues staff legal bulletin on exclusion of shareholder proposals

  • SEC (US Securities and Exchange Commission) Image

Oct 27, 2015

The SEC’s Division of Corporation Finance has issued Staff Legal Bulletin (SLB) 14H, “Shareholder Proposals,” which provides its views on the exclusion of shareholder proposals under Rule 14a-8 of the Securities Exchange Act of 1934.

Specifically, the SLB clarifies the scope and application of Rule 14-8(i)(9) and reaffirms the guidance in Rule 14a-8(i)(7). The views expressed in the SLB should not be considered a rule, regulation, or statement of the SEC.

For more information, see SLB 14H on the SEC’s Web site.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.