This Note provides an overview of the Rule 14a-8 shareholder proposal process. In particular, this Note describes the steps a company should take after it receives a shareholder proposal, including evaluating whether the proposal has complied with procedural requirements or falls within one or more substantive exclusions. This Note also describes methods by which a company may seek procedural and/or substantive exclusion of a shareholder proposal from its proxy materials, including Rule 14a-8 no-action requests. In addition, this Note addresses including a shareholder proposal in a company's proxy materials to be submitted to a shareholder vote and implementing shareholder proposals that have received shareholder approval.