The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Tue, 26 May 2026 19:09:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.8 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png The Value of the Shareholder Proposal Process – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 The Value of the Shareholder Proposal Process https://corpgov.law.harvard.edu/2017/07/11/the-value-of-the-shareholder-proposal-process/?utm_source=rss&utm_medium=rss&utm_campaign=the-value-of-the-shareholder-proposal-process https://corpgov.law.harvard.edu/2017/07/11/the-value-of-the-shareholder-proposal-process/#comments Tue, 11 Jul 2017 13:13:59 +0000 https://corpgov.law.harvard.edu/?p=97066?d=20230208110702EST Posted by Julie Fox Gorte, Pax World Management, and Tim Smith, Walden Asset Management, on Tuesday, July 11, 2017
Editor's Note:

Julie Gorte, Ph.D., is Senior Vice President for Sustainable Investing at Pax World Management; Tim Smith is Director of ESG Shareowner Engagement at Walden Asset Management. Additional posts on the CHOICE Act are available here.

Early in June, the House of Representatives passed a piece of legislation, dubbed the Financial CHOICE Act, which would gut much of Dodd-Frank. One of its provisions would make it impossible for all but the largest investors to file shareholder proposals by requiring that investors must hold at least one percent of the outstanding shares for three years in order to file a proposal. This would remove a key tool that investors use to communicate with corporate boards.

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