Davis Polk partner and ESG practice co-head Joe Hall was quoted in a Thomson Reuters article discussing the potential implications of the SEC staff’s new interpretation on rules governing shareholder proposals. Joe noted that the SEC “seems intent on rolling back recent interpretations of the shareholder proposal rules that gave companies a few more options for responding to proposals that push into day-to-day management decisions.”

“Near-Term Implications of New SEC Staff Interpretation on Rules Governing Shareholder Proposals May Not be Big,” Thomson Reuters (December 6, 2021)

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