A shareholder proposal is a suggestion or request made by a shareholder of a company, typically aimed at influencing corporate governance or business practices. These proposals are often submitted for consideration at the company's annual meeting and can cover a wide range of topics, including environmental policies, executive compensation, or social responsibility initiatives. Shareholder proposals are governed by regulations set by the Securities and Exchange Commission (SEC) in the United States. If a proposal receives enough support from other shareholders, it may be voted on during the annual meeting, allowing shareholders to express their views and potentially impact the company's direction.