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
November 13, 2018 | Main Street Coalition
60 Plus Association Joins Ranks of Those Calling for Proxy Advisor Reforms
With only a few days before the U.S. Securities and Exchange Commission’s (SEC) roundtable on issues with the proxy process, the 60 Plus Association has released a new report detailing how common practices by proxy advisory firms are harming retirement savings. The report, Consequences of Proxy Advisors on Senior Investments, explains why blind reliance on proxy advisors ...
November 9, 2018 | Main Street Coalition
New Report Details Rampant Robo-Voting in Line with Proxy Advisory Firms’ Recommendations
Just days before the U.S. Securities and Exchange Commission (SEC) hosts a roundtable to discuss issues with the proxy process, the American Council for Capital Formation (ACCF) released a new report which found that a large group of asset managers, who collectively manage over $5 trillion in assets, have historically voted in lock-step with the ...
November 8, 2018 | Main Street Coalition
NAM, U.S. Chamber launch ad campaign to shine light on proxy advisors
The Securities and Exchange Commission’s (SEC) roundtable on the proxy process is fast-approaching. In preparation for the roundtable, the National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce have launched a six-figure ad campaign to draw attention to the threats that unrestrained proxy advisory firms pose to the retirement funds of retail investors. ...