Recent Blog Posts

June 13, 2018

More Evidence that Institutional Investors are “Distorting” Shareholder Resolutions

The recent success of activist shareholder resolutions on issues usually reserved for the political arena has often been touted by their promoters and the media as evidence investors are now demanding more than financial performance from the corporations they invest in.

June 12, 2018

Concerns About Conflicts at Proxy Advisory Firms Reverberate

Congress isn't the only one paying attention to the proxy advisory firms lately. Last month, Tim Doyle of the American Council for Capital Formation penned a post for Harvard Law School's blog on Corporate Governance and Financial Regulation summarizing a recent report he wrote on the conflicted role of the proxy advisory firms. His core finding: Proxy advisory firms are the new “shadow regulators,” and their decisions carry implications for the operations and disclosure requirements of hundreds of companies.

June 8, 2018

New Report Highlights Costs of Politically-Motivated Disclosures

In recent years, shareholder proposals have increasingly focused on politically-charged directives, with many calling for companies to comply with an unprecedented level of new disclosures. These efforts, often aligned with social and environmental issues, lead to often expensive and rigorous review processes for the companies being targeted. And to date, little has been known about ...

June 1, 2018

Six Senators Write Letters to Advance Reform Proxy Advisory Industry

Six senators on the Senate Banking, Housing and Urban Affairs Committee highlighted concerns with the current practices of the proxy advisory firms, looking for answers to questions about their business models and manner in which firms like ISS and Glass Lewis address conflicts of interest.

May 22, 2018

Leading national associations announce launch of first-of-its-kind investor coalition

Proxy season is underway, and by the time it concludes in June, millions of votes will have been cast for and against thousands of individual shareholder proposals.

May 11, 2018

Hill Event Explores the Impact of ESG Investments on Retirement Savings

Commissioner Mike Piwowar of the Securities and Exchange Commission (SEC) delivered the keynote speech exploring the relationship between ESG investments and other macro trends, in particular the decline of the Main Street investor. Commissioner Piwowar, who is not only an SEC Commissioner but also a Ph.D. economist, echoed many of the same concerns that MSIC has highlighted concerning current ESG investment practices.

April 10, 2018

Understanding the Terms to Evaluate your 401(k)

Retirement investing is clouded with a lot of industry jargon – Americans need to understand the terms associated with retirement plans to ensure their financial security in the future.

March 28, 2018

Do you know the difference between active and activist investing?

Not enough retail investors recognize the vast differences between active investing and activist inviting. Here’s a guide to understanding the two most commonly misused investment terms that can significantly impact your investments.

March 21, 2018

Proxy Advisory Firms Need Greater Regulatory Oversight

The proxy advisory system is inherently conflicted and opaque, often operating against the interests of main street investors. The House of Representatives took an important first step, passing the Corporate Governance Reform and Transparency Act, now average investors must push for the Senate to do the same, ensuring proper oversight of the industry that effectively safeguards their interests.