Opinion ID: 292492
Heading Depth: 1
Heading Rank: 5

Heading: the merits of petitioner's proposal

Text: 65 The Medical Committee's sole substantive contention in this petition is that its proposed resolution could not, consistently with the Congressional intent underlying section 14(a), be properly deemed a proposal which is either motivated by general political and moral concerns, or related to the conduct of Dow's ordinary business operations. These criteria are two of the established exceptions to the general rule that management must include all properly submitted shareholder proposals in its proxy materials. They are contained in Rule 14a-8(c), 17 C.F.R. § 240.14a-8(c) (1970), which provides in relevant part: 66    [M]anagement may omit a proposal    from its proxy statement and form of proxy under any of the following circumstances: 67