What should management do when shareholders submit proposals for proxy voting?

Management should make a recommendation to shareholders either to accept or reject the proposals submitted for proxy voting because it is part of their responsibility to act in the best interest of the company and its shareholders. Providing a recommendation ensures that shareholders can make informed decisions based on a thorough analysis of the proposals.

By evaluating each proposal and giving a recommendation, management can clarify their stance and the potential implications of accepting or rejecting the proposals. This guidance is crucial during the proxy voting process, as it helps shareholders to align their votes with the strategic direction of the company and the interests of the overall shareholder base.

Therefore, making a recommendation reflects a proactive approach to governance and shareholder engagement, ensuring that all parties are informed and able to participate constructively in the decision-making process.