“The US financial markets watchdog is taking further steps to withdraw federal backing for investors to file resolutions at corporate AGMs, a move with significant implications for US shareholder democracy.”

[COMMENTARY] This rule is likely to deter many potential proxy resolutions! Because each state will likely have different rules, the complexity of legal rules posed by this possible change could restrict many shareholders from taking worthy actions.
SEC to cede control over shareholder resolutions to US states, by Mona Dohle, September 2, 2026, Net Zero Investor, USA.