Our Mission

In 1950, retail investors directly owned more than 90 percent of the stocks issued by U.S. companies. Today, that number is closer to 30 percent, with securities markets these days increasingly being dominated by big, institutional and often passive holders.

Of course, on balance, the rise of passive investing, which is designed to track the performance of an index as opposed to trying to beat it, has been great for the retail investing community, generating steady, low-fee returns for millions of Americans.

But as the size and influence of these massive institutional holders has grown, so too has their power, influence and share of voice – drowning out the voices and interests of Main Street investors who, despite controlling the single largest pool of equity capital in the world, have almost no ability today to influence the decisions these funds make on their behalf, with their money.

The Main Street Investors Coalition was created to help change that. By doing so, it will help mitigate the agency costs created by U.S. stock markets that have come to be dominated by institutional investors. Stand with us as we seek to bring much-needed reform to a badly broken, costly and inherently unfair system.

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Main Street investors hold more than $16.9 trillion in stocks. That means we control the single largest pool of equity capital in the world. It’s time for our voices to be heard, and our agenda to be adopted.

Sign up to add your voice to the campaign.

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

The Latest

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 ...

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