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Some of the comments here are missing some key information. A shareholder with $2000 in shares held for three years is entitled to propose a shareholder resolut

Some of the comments here are missing some key information. A shareholder with $2000 in shares held for three years is entitled to propose a shareholder resolution. You don’t need huge amounts of money to do this. I’m sure that many people on HN can submit proposals if they wish. What is unique and newsworthy here is that typically companies go to the SEC to remove shareholder proposals that they think are frivolous. In this case, they sidestepped the SEC and took it straight to court, which is a very aggressive move.

leereeves 3y ago
> typically companies go to the SEC The SEC declared in 2021 that the current administration would no longer allow the exclusion of proposals like this. "Staff will ... instead focus on the social policy significance of the issue that is the subject of the shareholder proposal." And: "Going forward we would not concur in the exclusion of similar proposals that suggest [climate change] targets." https://www.sec.gov/corpfin/staff-legal-bulletin-14l-shareholder-proposals https://www.sec.gov/corpfin/staff-legal-bulletin-14l-shareho... So there was no reason to ask the SEC, who have already stated their position. The next recourse is to ask the courts to review SEC policy.