The U.S. Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.
Shareholders, including religious groups and labor unions, have offered the proposal in an effort to draw the largest corporations in the United States deeper into a debate over the future of health care, fast emerging as one of the most important issues in domestic policy.
The SEC has told Boeing, General Motors, United Technologies, Wendy's International and Xcel Energy over the past several months that they may not omit the health care proposal from their proxy materials. This came as a surprise to many executives, who said the agency had allowed companies to exclude similar proposals in the past.
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