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The article reports on the recent developments related to the shareholder proposal rule of the U.S. Securities and Exchange Commission (SEC). Topics discussed include Rule 14a-8 of the Securities Exchange Act of 1934, shareholder meetings, and a variety of corporate governance. Also being discussed are proxy access shareholder proposals.

Recently, the SEC's Division of Corporation Finance has issued a number of comment letters relating exclusively to climate change disclosure issues. Shortly after the initial issuances of comment letters, the Division issued a notice with an Illustrative letter" containing sample comments that the Division may continue to issue. [Extracted from the article]

The article reports on various developments related to the U.S. securities industry. Both the New York Stock Exchange (NYSE) and NASDAQ amended their bright-line independence tests on the receipt of direct compensation from listed companies. In addition, the U.S. Securities and Exchange Commission (SEC) announced the settlement of an enforcement action against companies who violate the federal securities laws. The SEC approved an amendment to NASDAQ Rule 4200(a)(15).