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Story summary
- The U.S. Securities and Exchange Commission proposes eliminating the detailed shareholder-proposal rule that has been in place for 80 years.
- The proposal will be open for public comment for 60 days before finalization.
- Chair Paul Atkins, a Trump appointee, said ending the rule would let states regulate proposals.
- Shareholder proposals typically address ESG issues such as diversity, worker protections, and executive pay.
