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SEC Proposes Rescinding Shareholder Proposal Rule 14a-8, Shifting to State Law
Federal RegisterLO·US·2 days ago
A NYSE proposal to extend the internal-audit deadline for newly listed companies from one to five years has drawn overwhelming opposition, with 123 of 128 public comments against it. The analysis by academics highlights regulatory pushback, but the proposal's fate remains uncertain as the SEC has yet to rule. This signals potential tightening of listing standards, which could affect IPO activity and corporate governance expectations.