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. Fri, 05 Jun 2026 16:08:54 +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 Reaffirming the Fundamental Right to Shareholder Proposals and Enhancing Board Accountability via Private Ordering – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Reaffirming the Fundamental Right to Shareholder Proposals and Enhancing Board Accountability via Private Ordering https://corpgov.law.harvard.edu/2026/04/13/reaffirming-the-fundamental-right-to-shareholder-proposals-and-enhancing-board-accountability-via-private-ordering/?utm_source=rss&utm_medium=rss&utm_campaign=reaffirming-the-fundamental-right-to-shareholder-proposals-and-enhancing-board-accountability-via-private-ordering https://corpgov.law.harvard.edu/2026/04/13/reaffirming-the-fundamental-right-to-shareholder-proposals-and-enhancing-board-accountability-via-private-ordering/#respond Mon, 13 Apr 2026 11:32:54 +0000 https://corpgov.law.harvard.edu/?p=180291?d=20260410161805EDT Posted by Yumi Narita (New York City Office of the Comptroller) and James Crowe (Council of Institutional Investors), on Monday, April 13, 2026
Editor's Note:

Yumi Narita is the Chair of the Council of Institutional Investors Board of Directors and Executive Director, Corporate Governance Office of the New York City Comptroller Mark Levine; and James Crowe is the Research Manager at the Council of Institutional Investors. This post is based on CII’s new policies on corporate governance.

Spring 2026 Policy Amendment 1: Shareholder Proposals

CII amended Policy 1.5 by inserting this sentence: “The ability to submit and vote on shareholder proposals is a fundamental right and allows investors to monitor and hold corporate management accountable.” The full policy is now:

1.5 Shareowner Participation: The ability to submit and vote on shareholder proposals is a fundamental right and allows investors to monitor and hold corporate management accountable. Shareowners should have meaningful ability to participate in and vote on the major fundamental decisions that affect corporate viability, and meaningful opportunities to suggest or nominate director candidates and to suggest processes and criteria for director selection and evaluation. Shareowners also should have meaningful ability to propose bylaw amendments that become effective upon the approval of a majority of outstanding shares.

(more…)

]]> https://corpgov.law.harvard.edu/2026/04/13/reaffirming-the-fundamental-right-to-shareholder-proposals-and-enhancing-board-accountability-via-private-ordering/feed/ 0