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SEC issues staff legal bulletin on exclusion of shareholder proposals

  • SEC document Image

Nov 03, 2017

The SEC’s Division of Corporation Finance has issued Staff Legal Bulletin (SLB) 14I, “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 Rules 14a-8(i)(5) and 14-8(i)(7). In addition, the SLB provides information on proposals submitted on behalf of shareholders and the use of images in shareholder proposals.

The views ex­pressed in the SLB should not be con­sid­ered a rule, reg­u­la­tion, or state­ment of the SEC. For more in­for­ma­tion, see SLB 14I on the SEC’s Web site.

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