“The decision leaves both proponents and companies rudderless, in that companies will become more vulnerable to litigation if they exclude proposals, while at the same time proponents will have to sue to force their concerns onto annual meeting agendas.”

[COMMENTARY] It looks like more work for lawyers and fewer proxy resolutions. Particularly, for those investors proposing ESG and sustainability resolutions.
The SEC Bows Out as Referee Between Shareholders and Companies, by NLPC Staff, December 1, 2025, National Legal and Policy Center, USA.