A major public company has decided to withdraw its attempt to block shareholder resolutions from being included on proxy ballots this season. The move reflects a broader trend of companies taking a more conservative approach during the current proxy season, with some opting to allow shareholder proposals to proceed rather than contest them.
Michael Mencher, special counsel at Cooley, was quoted in a Bloomberg Law article discussing these developments. Mencher commented on the strategies companies are employing regarding shareholder proposals and the inclusion of such items on ballots.
The article featuring Mencher’s remarks requires a subscription for access.
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