[U.S. SEC Plans to Repeal Shareholder Proxy Proposal Rules] BlockBeats News, August 31, according to Bloomberg, the U.S. Securities and Exchange Commission (SEC) plans to repeal rules regarding when and how shareholders of publicly listed companies can submit proxy proposals. This information was revealed in the latest release from the White House Office of Management and Budget (OMB). According to the notice published on Monday, the SEC submitted the proposal to the White House OMB for review last week. This marks the latest step by SEC Chairman Paul Atkins in his efforts to reshape the relationship dynamics between shareholders of publicly listed companies and corporate management. Simply put, the SEC is proposing adjustments to the rules governing the submission of proxy proposals by shareholders of publicly listed companies. The proposal is currently under review by the OMB. [Original Link]