Donald Trump's SEC is proposing a dangerous rule change that would silence shareholders and undermine corporate accountability efforts. This move will help inoculate powerful Wall Street companies and wealthy CEOs to pressure from their own shareholders.

The rule would make it harder to file shareholder petitions by increasing the ownership stake needed in order to do so by ten fold. It would also increase the percentage of support a petition would need to garner from shareholders in order to stay alive.

Shareholder resolutions have been used for decades to ensure better corporate governance and to advance important causes like gay rights, gender and racial equity, and environmentalism -- concerns for which the recent, much-lauded statement issued by major CEOs through the Business Roundtable implies support. For instance, employees recently used their company-issue stock to pressure Amazon to reduce its contribution to climate change because of its impact on the world and on Amazon's own business.

Now the SEC is looking to undermine shareholder proposals and make it harder advocates from constraining corporate abuses. We need to stand up and fight back to protect the ability of shareholders to shape the governance of corporations they invest in.

Add your name and tell the SEC: Stop the anti-shareholder proposal rule!