Recent Blog Posts

February 13, 2019

Retail Investor and Bipartisan Coalition Call for Proxy Process Reforms to Take Politics Out of the Boardroom

Two opinion pieces published this week highlight continued momentum on the need for reform of the proxy process, as impacted stakeholders continue to submit comments to the U.S. Securities and Exchange Commission (SEC) following the roundtable on the issue last fall and as the SEC considers a proposal for specific reforms. In a recent issue ...

February 8, 2019

SEC Commissioners, trade groups, institutional investors and asset managers reaching bipartisan consensus on proxy reform portal

Yesterday, the Bipartisan Policy Center and American Council for Capital Formation hosted a discussion on corporate governance’s increasing role in public policy that highlighted a growing consensus around reforming key aspects of the proxy advisory system. The event featured former commissioners of the Securities and Exchange Commission (SEC) and representatives from trade groups, institutional investors and asset managers from across ...

February 5, 2019

NASDAQ proxy reform coalition surpasses 300 companies, submits letter to SEC

Yesterday, NASDAQ submitted a letter to the Securities and Exchange Commission Chairman Jay Clayton calling for proxy reform, reports Fox Business. The letter featured the signatures of 304 publicly traded companies across a diverse array of industries, from airlines to retail stores to medical companies.  

February 1, 2019

Upcoming Bipartisan Policy Center Event to Examine Corporate Governance’s Role in Public Policy

Retail investors should mark their calendars for Thursday, February 7 for an event at the Bipartisan Policy Center (BPC) in Washington, D.C. The event, co-hosted by the American Council for Capital Formation will examine what role corporate governance structures should play when it comes to addressing public policy issues. The Main Street Investors Coalition has ...

January 30, 2019

NASDAQ Coalition for Proxy Reform Surges to 265 Companies

NASDAQ’s push to keep corporate governance reform in the front of the minds of its members comes as the SEC finally reopens its doors after the protracted government shutdown. Though the shutdown put many of the SEC’s activities on pause over the past month, companies have worked to keep the proxy reform issue at the forefront, pouring submissions into the docket the SEC opened to continue the discussion on proxy reform that it launched at last year’s roundtable on the proxy process.

January 18, 2019

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

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

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 ...

December 31, 2018

2018: Great Year for Retail Investors, More to Come in 2019

Since the launch of the Main Street Investors Coalition in May, many positive developments have transpired for retail investors. America’s retail investors are rightly concerned about how their investments are managed, given the proliferation of investor activism and environmental and social resolutions that have radically shifted the investment landscape. As 2019 draws to a close, ...