PG · News · 20260908N

Government Policy and Regulatory Risk

PROCTER & GAMBLE Co · 2026-09-08 · Importance 27 · Surprise 42

The National Legal and Policy Center is urging shareholders to support Item 5 on P&G’s 2026 proxy ballot. The proposal would preserve shareholder access to submit proposals at the current stock-ownership thresholds. The dispute reflects reported changes in the Securities and Exchange Commission’s role in reviewing shareholder proposals and a potential repeal of federal shareholder-proposal rules; P&G’s board opposes the measure as premature and harmful.

Key facts