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Microsoft pledges keeping shareholder proposal thresholds through 2027

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Story summary
  • Microsoft pledged to keep existing shareholder proposal thresholds through its 2027 annual meeting.
  • The pledge follows an agreement with activist Paul Chesser of the National Legal and Policy Center.
  • NLPC requested companies retain $2,000-$25,000 ownership thresholds, naming Procter & Gamble and Microsoft.
  • SEC Chair Paul Atkins has proposed eliminating Rule 14a-8, which sets minimum stock-ownership standards.