Somebody Give Gary Gensler A Drug Test
The Securities and Exchange Commission in November overturned several mechanisms that companies routinely use to shoot down shareholder proposals, and specified that shareholders were allowed to press companies on issues of broad social importance…. The SEC-permitted proposal directed at Apple, for example, highlighted a persistent area of concern: the extent to which companies have sought to handle sexual-harassment complaints by pushing employees into closed-door sessions…. The proposal directed at Disney comes from a shareholder—the National Center for Public Policy Research, a conservative think tank—which argued that the company’s antiracism training discriminates against white employees. The SEC rejected Disney’s arguments that the proposal could be excluded from its proxy statement.
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