The rules that govern the capital markets
Research and commentary from RBI.
Rule 14a-8 in Practice: A Descriptive Account from Twenty Interviews
Twenty interviews with issuers, investors, lawyers, academics, and advocacy organizations on how the shareholder proposal process actually works, what it costs, and where participants genuinely disagree. Descriptive by design, with no recommendations.
Open for comment. Open for comment. RBI is seeking substantive feedback on this paper through the summer, particularly on whether and how the rule should be revised and what would follow from rescinding it entirely. Responses will inform RBI's comment letter to the SEC. Please identify your role, for instance issuer, investor, lawyer, academic, or advocacy organization. As with the interviews, no individual will be identified by name. Send comments to tim@rbi-us.org or bob@rbi-us.org.