Financial CHOICE Act Imposes Sweeping Shareholder Proposal Reforms
The Harvard Law School Forum on Corporate Governance and Financial Regulation 2017-04-29
The modified version of the legislation, CHOICE Act 2.0, released by House Financial Services Committee Chairman Jeb Hensarling (R-TX), is mostly known for proposing major financial regulatory reforms. Tucked into the lengthy bill, however, are several significant changes that would completely overhaul the shareholder proposal process. Some are similar to proposals by the Business Roundtable, which we previously discussed here.