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
Faces of Main Street
December 6, 2018 | Main Street Coalition
Senate Banking Committee Hearing Highlights Growing Consensus of Need to Reform Proxy System
These statements of support from Senators and witnesses add to the growing array of people across the board calling for additional scrutiny of proxy advisory firms. The Main Street Investors Coalition is optimistic that this growing consensus will add to continued momentum and additional oversight over proxy advisory firms by the SEC.
November 30, 2018 | Main Street Coalition
Economics Organization Adds to Growing List of Groups Calling for Proxy Reform
Two weeks after the Securities and Exchange Commission (SEC) hosted a roundtable on the proxy process, the American Action Forum (AAF) joined the growing number of organizations calling out how proxy advisory firms are harming Main Street investors. The group is led by former Director of the Congressional Budget Office Douglas Holtz-Eakin, and focuses on economic ...
November 27, 2018 | Main Street Coalition
BlackRock Calls for Transparency at Proxy Advisory Firms Following SEC Roundtable
Shortly after participating in the Securities and Exchange Commission (SEC) roundtable on the proxy process, BlackRock, the world’s largest money manager, called for the SEC to promote “a principle of transparency throughout the proxy ecosystem.” According to BlackRock, this principle of transparency extends to proxy advisory firms. Proxy Firm Methodologies and Conflicts of Interest Specifically, ...