“The SEC may be open to eliminating the ability of shareholders to submit precatory shareholder proposals to companies incorporated in Delaware…. {However), there is no reason to believe the SEC would not take the same position for companies incorporated in other states.”

[COMMENTARY] Such a ruling would likely hurt, particularly, proposals related to ESG, sustainability, and climate change.
SEC Chairman Suggests Path to Eliminating Most Shareholder Proposals, Cooley Alert, October 10, 2025, Cooley LLP, USA.