A new group called 2ndVote Advisors is advertising on FOX that it can protect investors from politically-motivated proxy votes. Once again, however, they fail to come up with a single example, because there are none.
Their materials claim to support: “the commonsense notion that companies focused on profits will produce better returns for their investors than companies focused on social justice engineering.” Indeed, that is such a commonsense notion that every single institutional investor operating as a fiduciary (meaning all of them) upholds that standard.
We have written to 2ndVote to request a copy of their proxy voting policies with any underlying data supporting their analysis of proxy issues. If we get a response, we will publish it here. Stay tuned.