A new Securities and Exchange Commission rule that sounds innocuous enough might drive profound changes in how companies and boards conduct their business.
We may soon see the rule’s effect in high-profile board seat battles, like that brewing at Disney, where activist investor Nelson Peltz is making a play to join the board, and at Tesla, where the fed-up investor Ross Gerber vowed to do the same. It might also fan the flames of both the ESG and anti-ESG movements.
