SEC Advisory Panel Urged to Back Investor Rights for Proposals

The SEC’s advisers on investor issues has a duty to support shareholders who push companies to disclose risks from climate change, artificial intelligence and other matters, as businesses fight them in court, advocates said.

The Securities and Exchange Commission’s Investor Advisory Committee should keep looking at agency rules for considering shareholder proposals at companies’ annual meetings, after examining litigation challenging investor resolutions last month, the AFL-CIO, As You Sow, the Interfaith Center on Corporate Responsibility and other advocates said in a letter Thursday to leaders of the panel.

In September, the panel discussed an Exxon Mobil Corp. case against Arjuna ...