February 1, 2019
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 warned about the rise of shareholder resolutions that deal with issues typically reserved for lawmakers and regulators such as climate change, gun safety, and gender diversity. Regardless of your personal views on any of these issues, it is critical to assess the implications of the push for corporations to increasingly enter the political fray, instead of the traditional focus on maximizing shareholder value.
The BPC event will feature key corporate governance experts who have a range of opinions on what role (if any) corporate governance should play in the policy arena. The event will also serve as a follow up forum for those who participated in the U.S. Securities and Exchange Commission’s (SEC) roundtable on the proxy process.
The panelists for the event include:
- Ken Bertsch (Executive Director, Council of Institutional Investors)
- Barbara Novick (Vice Chairman, Blackrock)
- Troy Paredes (Former SEC Commissioner)
- Tom Quaadman (Executive Vice President, U.S. Chamber Center for Capital Markets Competitiveness)
- Brandon Reees (Deputy Director of Corporations and Capital Markets, American Federation of Labor and Congress of Industrial Organizations)
- Elisse Walter (Former SEC Commissioner)
As always, MSIC will be closely watching the discussion, and analyzing what it means for retail investors. Stay tuned for our event summary!