Activists are looking to the courts to kill Trump-era rules restricting investors’ environmental, social and governance campaigns, after Biden’s SEC took modest steps to ease standards for submitting shareholder proposals.
The Securities and Exchange Commission announced plans July 13 to restrict some ways companies keep investor requests off proxy ballots for their annual meetings. But it didn’t relax related 2020 shareholder proposal submission standards that triggered litigation last year from As You Sow and other investor advocates.
The advocates have no intention of dropping their lawsuit, said Danielle Fugere, As You Sow’s president and chief counsel. The ...
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