Activist bank investors run into an SEC roadblock

By Jon Prior, October 4, 2020

The Securities and Exchange Commission recently raised the bar for when activist shareholders can force votes on proposals at the annual meetings of public companies.

A new SEC rule governing investor voting could be especially significant to major U.S. banks, which have been under pressure from investors to publish data on racial and gender pay gaps, limit financing of oil and gas companies or take other actions.

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Shareholder EngagementIsabelle Bhayaniracial pay equity, gender pay equity, SEC, US Securities and Exchange Commission, shareholder activism