Council of Institutional Investors

Rule Changes

Filed comment opposing SR-TXSE-2026-008

The Securities and Exchange Commission opened formal proceedings in September to decide whether Texas Stock Exchange, a challenger to NYSE and Nasdaq, may require brokers to vote shares when clients give no instructions. Under the proposal, uninstructed shares would be allocated proportionally, matching how instructed investors voted on each item, and cast as abstentions when no instructions arrive on that matter.

Updated Oct 17

Rule Changes

As of September 2026: Opposes the rescission

For 84 years, the Securities and Exchange Commission (SEC) has let shareholders of public companies put their own proposals on corporate proxy ballots. On September 16, the agency proposed abolishing that rule; the plan was published in the Federal Register on September 21, opening a 60-day comment period that runs through November 20.

Updated Sep 21