Church group criticises US plan to rein in smaller shareholders

Managers of the Church of England’s £8.3bn investment portfolio have criticised US regulators for planning to deny smaller shareholders, such as the church, the right to challenge US companies over excessive executive pay and the climate crisis. A group of 70 church investors, including the C of E, have written to the US Securities and Exchange Commission (SEC) opposing its plans to “modernise” shareholder rules by adding stricter criteria for filing resolutions voted on at a company’s annual meeting.
https://www.theguardian.com/business/2020/feb/16/us-regulators-deny-church-investors-right-to-hold-firms-to-account