The U.S. Securities and Exchange Commission (SEC) on Wednesday, Feb. 12, announcedOpen in a new tab it had rescinded Staff Legal Bulletin 14L (SLB 14L) and reinstated guidance put out under the first Trump administration, which companies had referenced when excluding, for instance, proposals tied to environmental, social and governance (ESG) issues on the grounds they constituted micromanagement.
The guidance change occurs as proxy season ramps up for the agency and U.S. corporations. READ MORE