Naples Standard

Congressman Byron Donalds has introduced a new legislative proposal aimed at allowing companies to exclude certain shareholder proposals. The Proposal Priority Act seeks to ensure that corporate boards focus on growth and competitiveness rather than environmental, social, and political agendas.

Donalds stated, "The collusion between social and corporate activists to abuse our proxy system by flooding corporate boards with immaterial, politically motivated proposals is absurd and must end." He emphasized his commitment as a member of the House Financial Services Committee to protect shareholder interests and maintain organizational judgment from what he described as interference by the SEC and corporate activists.

He further added, "Boards of Directors should have one sole mission, which is the financial stability of their respective companies, and my bill calibrates this crucial objective."