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
January 18, 2019 | Main Street Coalition
Despite Shutdown, Drumbeat for Proxy Reform Grows Louder
Despite the partial government shutdown slowing the U.S. Securities and Exchange Commission’s (SEC) efforts to develop a proposal to regulate proxy advisors and amend the current rules for shareholder proposals, companies are gearing up to share their experiences with proxy advisors to inform the Commission of the issues they face when dealing with problems such ...
January 9, 2019 | Main Street Coalition
Over 100 companies join NASDAQ coalition for proxy reform
In an email distributed this morning, NASDAQ announced that over 100 companies have already signed its letter penned by Nelson Griggs, President of NASDAQ, advocating for proxy reform. Griggs first requested companies to add their name to the letter last month. In the letter, NASDAQ listed several grievances it hopes the Securities and Exchange Commission (SEC) will amend in the proxy process, including conflicts of interest, lack of transparency surrounding how recommendations are reached, and instances of inaccurate or factually incorrect proxy recommendations. NASDAQ reminded companies that they can still sign on through the end of this month.
January 4, 2019 | Main Street Coalition
CII Analysis Shows Raising the Resubmission Thresholds Won’t Hurt Small Shareholders
As the U.S. Securities and Exchange Commission (SEC) works on developing a proposal to improve the proxy process following the roundtable last November, the Council on Institutional Investors (CII) released a report highlighting their analysis of shareholder proposals. The analysis included 3,600 shareholder proposals that went for a vote between 2011 and 2018 and found ...