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Expert Analysis

Early Trends In Proxy Exclusion After SEC Relaxes Guidance

By Ben Pedersen, Eric Juergens and Paul Rodel ( June 23, 2025, 6:08 PM EDT) -- On Feb. 12, the staff of the U.S. Securities and Exchange Commission's Division of Corporation Finance issued Staff Legal Bulletin No. 14M, which rescinded Staff Legal Bulletin No. 14L and reinstated earlier guidance on the exclusion of shareholder proposals under Rule 14a-8 of the Securities Exchange Act of 1934, as amended....

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