Political Quotes

On the recordNovember 8, 2023
Mr. Chairman, I rise in opposition to this particular amendment, which would block a rule that promotes meaningful shareholder engagement by requiring a higher level of shareholder support for resubmitted proposals. This rule helps streamline the shareholder proposal process by discouraging the repetitive submission of proposals that have failed to gain substantial support in the past. By requiring shareholders to demonstrate substantial support for their proposals, the rule encourages responsible activism and discourages the use of the shareholder proposal process for purely symbolic or nuisance proposals. Mr. Chairman, I urge my colleagues to vote ``no'' on this amendment, and I reserve the balance of my time.
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Matt Cartwright
Democratic · Pennsylvania

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