Recent Blog Posts

November 9, 2018

New Report Details Rampant Robo-Voting in Line with Proxy Advisory Firms’ Recommendations

Just days before the U.S. Securities and Exchange Commission (SEC) hosts a roundtable to discuss issues with the proxy process, the American Council for Capital Formation (ACCF) released a new report which found that a large group of asset managers, who collectively manage over $5 trillion in assets, have historically voted in lock-step with the ...

November 8, 2018

NAM, U.S. Chamber launch ad campaign to shine light on proxy advisors

The Securities and Exchange Commission’s (SEC) roundtable on the proxy process is fast-approaching. In preparation for the roundtable, the National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce have launched a six-figure ad campaign to draw attention to the threats that unrestrained proxy advisory firms pose to the retirement funds of retail investors. ...

November 7, 2018

Main Street Investors Reaffirm #1 Priority in New Video: “Maximize Our Investments”

Today, the Main Street Investors Coalition released a new video showing some of the faces of Main Street – the retail investors who want fund managers to maximize their investments and not use their money to support political and social issues. The opinions shared by these retail investors reaffirms the reason why Main Street Investors ...

November 1, 2018

Glass Lewis Will Try to Override SEC Decisions They Don’t Like in 2019

Glass Lewis recently released an overview of how they intend to approach proxy advice this year and, in turn, provided an excellent example of how proxy advisory firms use their influence to act as quasi-regulators. In the paper, the proxy advisory firm announced that they intend to punish members of a company’s board of directors ...

October 30, 2018

New Report Shatters Key Claim of ISS’s Fake “Shareholder” Group

Yesterday, a new report from the American Council on Capital Formation (ACCF) dispelled a key claim often repeated by Institutional Shareholder Services (ISS) and its allies in their phony campaign to protect themselves from much needed reforms to the proxy process. According to ISS, the Main Street Investors Coalition and others are attempting to limit shareholder’s access to high quality and independent information by supporting the passage of H.R. 4015, the “Corporate Governance Reform and Transparency Act of 2017.”

October 19, 2018

Main Street Investors Will be Watching CII and ICGN Events in New York City Next Week

Next week in New York, the International Corporate Governance Network (ICGN) and the Council on Institutional Investors (CII) are holding conferences that will feature key players impacting issues of importance in corporate governance to Main Street investors. Unfortunately for Main Street investors, it appears they will have little to no representation at either of these ...

October 18, 2018

Proxy Advisor Recommendations Ignore the Views of Retail Investors

There are 100 million Main Street investors in the US, holding more than $16.9 trillion in stocks, making them potentially the most influential proxy voting bloc in the US. Despite this, a recent report from Broadridge and PwC provides the latest evidence that the current proxy process is stripping retail investors of their ability to ...

October 16, 2018

Retail Investors Front and Center for SEC Chairman Clayton

Last week, Securities and Exchange Commission (SEC) Chairman Jay Clayton sat down with John Harwood of CNBC at the Bipartisan Policy Center to discuss a panoply of issues facing the Commission. Chairman Clayton reiterated his desire to ensure that SEC actions benefit the interests of retail and Main Street investors’ ability to participate in America’s ...

October 12, 2018

Polls Show Voters Oppose H.R. 4015? Not Even Close.

Last week, ISS and the Council for Institutional Investors (CII) launched a new – and highly flawed – public relations campaign in an effort to defend against the growing concern over practices of the proxy advisory industry and its impact on everyday investors.  In addition to misstatements and factual inaccuracies – all debunked HERE — ...