Denmark’s AkademikerPension has sent an open letter to the US Securities and Exchange Commission (SEC), urging the regulator to reverse its decision to refrain from responding to most corporate requests to exclude shareholder proposals from proxy materials.
AkademikerPension noted that the SEC’s recent decision to refrain from responding to most no-action requests means companies will now determine for themselves whether to exclude shareholder proposals, rather than going through the usual SEC review process under Rule 14a-8




