“The proposed SEC rule changes would raise proposal resubmission thresholds from 3%, 6%, and 10% for those voted on once, twice, or three or more times respectively to 5%, 15%, and 25%… back-testing by the Sustainable Investments Institute contends that under the new rules, 30% of the 614 proposals that went to vote between 2010 and 2019 would not have been eligible for resubmission.”

[COMMENTARY] Clearly, this is another way that the SEC-Trump administration, wants to damp down rising shareholder advocacy on sustainability and ESG issues.
SEC Rule Changes Will Hobble ESG Investors, by Mark Tulay, April 24, 2020, Barron’s, USA.