A COMMONSENSE AGENDA
Demanding that fund managers focus on maximizing performance – not playing politics with other people’s money
Providing retail investors with more visibility into how the funds they own vote on their behalf
Forcing third-party, “black-box” proxy-advisory firms to be more transparent about potential conflicts of interest
Insisting that public pension funds meet the same basic regulatory and reporting standards as private pension funds
Main Street Investors’ Manifesto
June 16, 2019 | Wall Street Journal
Calpers’ Dilemma: Save the World or Make Money?
The California Public Employees’ Retirement System was one of the first public-pension systems to tie its investments to social activism. Now it is having second thoughts.
June 12, 2019 | Main Street Coalition
Business Roundtable Submits Second Letter Calling for Proxy Reform
Drawing on examples from its 2019 survey of member companies, the new letter touches on two key reforms: modernization of the shareholder proposal process and ensuring accuracy and transparency of proxy advisory firm recommendations.
June 10, 2019 | Financial Times
Proxy advisers wince in glare of regulatory spotlight
The glare of financial regulators is catching up with the proxy advice industry led by heavyweights Institutional Shareholder Services and Glass Lewis.The influential third parties, which advise shareholders how to vote on topics from executive pay to board nominations, have so far avoided direct oversight while appeasing critics by committing to self-regulation. But as the proxy advisers draw in more power they increasingly swim against the tide.