© Reuters. FILE PHOTO: People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) will vote on June 13 to adopt proxy rules boosting disclosure, the agency said on Wednesday.
The rule, which the Wall Street regulator voted to propose in November, is expected to undo a Trump-era rule allowing companies a first look at proxy advisor proposals.
The agency will also propose a rule that would amend certain “substantive bases” for exclusion of shareholder proposals, the agency notice said.