Shareholder Proposals as Pressure Valves
The demands of shareholder advocates, who are increasingly focused on how tax strategy intersects with corporate responsibility, are also affecting disclosures. Their proposals are not just about numbers; they’re about values. They’re seeking information about long-term value creation, responsible global citizenship and the integrity of public financial narratives.
In many cases, these proposals echo the spirit of ASU 2023-09. Whether they gain traction during proxy voting or not, they are recalibrating the dialogue around corporate tax behavior as a governance issue.
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