Chamber of Commerce announces plan to help boards guard against shareholder activism

Bloomberg Law is reporting that the U.S. Chamber of Commerce recently announced a plan to educate board members on public policy issues, such as climate change, as a way to help “better arm” the boards for increasing shareholder engagement on these issues. Proxy voting and shareholder engagement, including the use of, and reliance on, proxy advisory firms, has come under greater scrutiny from the SEC and DOL recently.