Shareholders of General Electric Company have asked the board of directors to include several shareholder proposals in

Question:

Shareholders of General Electric Company have asked the board of directors to include several shareholder proposals in its annual proxy statement. One proposal is that GE's articles of incorporation be amended to provide that shareholders will elect directors by of their shares. A second proposal asks that no GE director be permitted to serve on more than three corporate boards of directors, including GE's board. A third proposal asks GE to prepare a report outlining the vulnerability and substantial radiation risks of storage of irradiated fuel rods at all GE-designed nuclear reactor sites. May GE omit these shareholder proposals from its proxy statement under Rule 14a-8?

Cumulative Voting
Cumulative voting is the procedure followed when electing a company's directors. Typically, each shareholder is entitled to one vote per share multiplied by the number of directors to be elected. This is a process sometimes known as proportional...