Shareholder activists on both sides of the political spectrum have increasingly been using shareholder proposals to debate the most pressing and divisive social issues of our times. Issues such as abortion, gun rights, and climate change. This increased usage has been facilitated by the SEC taking the position that it has broad authority to compel public companies to include shareholder proposals on social issues in their proxy statements. While these issues need to be addressed, their resolution is to be found in the political arena. That is how our democracy works. They should not be and will not be resolved by a vote of shareholders.
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