In this Article, we take advantage of this Symposium’s goals to think broadly about the future of Rule 14a-8 of the Securities Exchange Act of 1934, the shareholder proposal rule. We set forth a vision for the rule to address boardroom insularity by likening the shareholder proposal rule as the public square for shareholders. The existence of such a forum would redound to the benefit of investors, officers, and boards of directors as a fount of current and useful information about their investors’ and stakeholders’ concerns.
James D. Cox & Randall S. Thomas, The SEC's Shareholder Proposal Rule: Creating a Corporate Public Square, 2021 Columbia Business Law Review 1147-1198 (2021)
Library of Congress Subject Headings
Stockholders, Institutional investors, Corporate governance, Corporation law