Could new requirements from the Securities and Exchange Commission (SEC) soon change the way your business conducts shareholder meetings?

The SEC has proposed several new measures to grant even more voting power to shareholders of US companies, according to The Wall Street Journal’s Market Watch.

Here’s how suggested measures could affect shareholder voting for US corporations moving forward:

Before: In general, shareholders have had a difficult time influencing the way companies operate, especially when it comes to executive pay.

After: A new SEC proposal would give shareholders a non-binding vote on executive pay.