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.
June 21, 2018 | Main Street Coalition
SEC Commissioner affirms that more needs to be done for retail investors
Today at the annual meeting of the Society for Corporate Governance, SEC Commissioner Robert Jackson emphasized that retail investors need more and better capabilities to be involved in voting on shareholder resolutions. Following Jackson’s opening remarks, which largely centered on the importance of good cybersecurity practices and disclosures to investors, a conference attendee asked the ...
June 19, 2018 | Main Street Coalition
Bloomberg TV: Taking Steps to Level the Playing Field for Retail Investors
Yesterday, Bloomberg TV interviewed George David Banks, executive director of the Main Street Investors Coalition. Banks discussed the necessity of increasing the transparency of proxy advisory firms and the issues with environmental and social proposals. There is a disconnect between the biggest money managers and retail investors, Banks explained: If the average retail investor knew ...
June 18, 2018 | Bloomberg
Taking Steps to Level the Playing Field for Retail Investors
George David Banks on Bloomberg Markets: "It's important for people to know how important of a role the proxy advisory firms play. There are some studies that suggest that ISS can sway a vote 25 percent, either way. So this is actually a really big deal. We want to make sure that there is more transparency among these proxy advisory firms."