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	<title>The Harvard Law School Forum on Corporate Governance</title>
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	<title>Statement by Commissioner Uyeda on Proposing Rescission of Rule 14a-8 and Proxy Solicitation Modernization &#8211; The Harvard Law School Forum on Corporate Governance</title>
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		<title>Statement by Commissioner Uyeda on Proposing Rescission of Rule 14a-8 and Proxy Solicitation Modernization</title>
		<link>https://corpgov.law.harvard.edu/2026/09/17/statement-by-commissioner-uyeda-on-proposing-rescission-of-rule-14a-8-and-proxy-solicitation-modernization/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=statement-by-commissioner-uyeda-on-proposing-rescission-of-rule-14a-8-and-proxy-solicitation-modernization</link>
		<comments>https://corpgov.law.harvard.edu/2026/09/17/statement-by-commissioner-uyeda-on-proposing-rescission-of-rule-14a-8-and-proxy-solicitation-modernization/#respond</comments>
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				<category><![CDATA[Practitioner Publications]]></category>
		<category><![CDATA[Proxy Rules]]></category>
		<category><![CDATA[Proxy Solicitation]]></category>
		<category><![CDATA[Rule 14a-8]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[SEC rulemaking]]></category>
		<category><![CDATA[Securities regulation]]></category>
		<category><![CDATA[Shareholder activism]]></category>
		<category><![CDATA[Shareholder proposals]]></category>

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		<description><![CDATA[Today, the Commission proposes to rescind Rule 14a-8, which leaves determination about whether a shareholder proposal may be properly placed on a proxy statement to the states, companies, and shareholders. The Commission also proposes to amend Rule 14a-4 to expand the circumstances under which a company may exercise discretionary voting authority on certain proposals. Lastly, [&#8230;]]]></description>
				<content:encoded><![CDATA[<hgroup><em>Posted by Mark T. Uyeda, U.S. Securities and Exchange Commission, on Thursday, September 17, 2026 </em><div class='e_n' style='background:#F8F8F8;padding:10px;margin-top:5px;margin-bottom:10px;text-indent:2.5em;'><strong style='margin-left:-2.5em;'>Editor's Note: </strong> <p style="margin:0; display:inline;"><a href="https://www.sec.gov/biography/mark-t-uyeda" target="_blank" rel="nofollow noopener">Mark T. Uyeda</a> is a Commissioner of the U.S. Securities and Exchange Commission. This post is based on his recent statement. The views expressed in this post are those of Commissioner Uyeda and do not necessarily reflect those of the Securities and Exchange Commission or its staff.</p>
</div></hgroup><p>Today, the Commission proposes to rescind Rule 14a-8, which leaves determination about whether a shareholder proposal may be properly placed on a proxy statement to the states, companies, and shareholders. The Commission also proposes to amend Rule 14a-4 to expand the circumstances under which a company may exercise discretionary voting authority on certain proposals.<a class="footnote" id="1b" href="https://corpgov.law.harvard.edu/2026/09/17/statement-by-commissioner-uyeda-on-proposing-rescission-of-rule-14a-8-and-proxy-solicitation-modernization/#1">[1]</a> Lastly, the Commission proposes amendments that would modernize certain rules related to proxy solicitations.<a class="footnote" id="2b" href="https://corpgov.law.harvard.edu/2026/09/17/statement-by-commissioner-uyeda-on-proposing-rescission-of-rule-14a-8-and-proxy-solicitation-modernization/#2">[2]</a></p>
<p> <a href="https://corpgov.law.harvard.edu/2026/09/17/statement-by-commissioner-uyeda-on-proposing-rescission-of-rule-14a-8-and-proxy-solicitation-modernization/#more-183887" class="more-link"><span aria-label="Continue reading Statement by Commissioner Uyeda on Proposing Rescission of Rule 14a-8 and Proxy Solicitation Modernization">(more&hellip;)</span></a></p>
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