WASHINGTON/NEW YORK—The chairman of the U.S. Securities and Exchange Commission (SEC) said on Dec. 6, that the regulator will consider stricter rules for submitting shareholder proposals at annual meetings, including the ownership and resubmission threshold.
Jay Clayton, in an address outlining the regulator’s agenda for 2019, told an audience at a New York event hosted by Columbia University’s School of International Public Affairs that the SEC would also consider subjecting proxy advisory firms to stricter requirements for transparency and conflict of interest disclosure.
