A COMMONSENSE AGENDA
Demanding that fund managers focus on maximizing performance – not playing politics with other people’s money
Ensuring that retail investors who own passive funds through 401(k)s have a say in how their shares are voted
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
What’s the problem? Let’s “whiteboard” it out.
August 16, 2018 | Main Street Coalition
WSJ: Proxy Advisors Play “Outsize Role” in Dictating Company Behavior
This week, Rite Aid and Albertsons decided not to go ahead with a proposed merger due to opposition from proxy advisory firms. While arguments could certainly be made for and against this merger, this decision by these two companies makes clear the “outsize role that two advisory firms increasingly play in dictating shareholder interests,” according to the latest from The Wall Street Journal’s editorial board.
August 14, 2018 | Main Street Coalition
Daily Caller: “The Disenfranchisement of America’s Retail Investors is a Real and Alarming Trend”
In a recent issue of the Daily Caller, Main Street Investors Coalition advisory council member Nan Bauroth explains the goals of the coalition, why she’s a member of the advisory council, how institutional investors are distorting the shareholder resolution process, and how the Main Street Investors Coalition advocates for ways that everyday investors can exercise their ...
August 10, 2018 | The Wall Street Journal
The Proxy Advisers’ Veto
Perhaps the companies are better off alone, but this is a moment to highlight the outsize role that two advisory firms increasingly play in dictating shareholder interests.