SEC Investor Advisory Committee Recommendations on Proxy Plumbing

The SEC’s Investor Advisory Committee, established under Section 911 of Dodd-Frank (membership listed below), has submitted recommendations on improving the byzantine and jury-rigged proxy plumbing system. Their summary:  The SEC should require end-to-end vote confirmations to end-users of the proxy system, potentially commencing with a pilot involving the largest companies;  The SEC should…

Sarah Wilson on the Four Billion Reasons Not to Mess with Proxy Plumbing

Our deepest thanks to Sarah Wilson of Minerva Analytics for allowing us to post her thoughtful essay on the SEC’s proxy plumbing initiative, and for her support in our efforts to keep the Main Street Investors Coalition and their various other corporate-funded fake front groups from spreading disinformation about shareholders and proxy advisors.  Here is…

SEC’s New Roundtable on the Proxy Process

  The SEC is scheduling another roundtable on proxy voting — we note the inclusion of matters suggesting the influence of the corporate-funded, lobbyist-led, climate change denying Main Street Investors Coalition, which makes us concerned that the goal of this effort is suppression of votes by institutional investors. The SEC statement: Chairman Jay Clayton July…