ICCR Comment On SEC’s Draft Proxy Proposal Rule

From ICCR’s comment letter to the SEC on the draft rule on proxy proposals (full comment in the link below): For decades, the shareholder proposal process has served as a cost-effective way for corporate management and boards to gain a better understanding of shareholder priorities and concerns, particularly those of longer-term shareholders concerned about the…

Comment to the SEC: Investor-as-Owner Subcommittee of the SEC Investor Advisory Committee (IAC) Relating to SEC Guidance and Rule Proposals on Proxy Advisors and Shareholder Proposals

The SEC’s own Investor-as-Owner Subcommittee of the SEC Investor Advisory Committee does not approve of the proposed rule on proxy advisory firms and proxy proposals. An excerpt: The IAC has long urged the Commission to address a variety of problems in the proxy system, and there are valuable elements in the PA/SP actions, such as…

Comment from Ciara Torres-Spelliscy on SEC Proposal

Stetson law professor Ciara Torres-Spelliscy, an expert on dark money and its pernicious impact on both public and private governance, has submitted an excellent and very persuasive comment to the SEC on the proposed rules for limiting shareholder proposals. The full text is in the link below. An excerpt: [T]he rule proposed by File No….

Economists Comment to SEC Proposal on Proxy Advisors

On January 15, a group of over 60 leading finance professors from major American universities filed the following comment to the SEC to ask a revision of the proposed draft regulation: Dear Chairman Clayton and Members of the Commission: We share the Commission’s concerns about concentration in the proxy advisory market. Yet, we disagree with…

Nell Minow Debates Proposed SEC Rules on Proxy Advisors

On January 13, 2020, at the Stigler Center for the Study of Economy and the State, VEA Vice Chair Nell Minow debated University of Chicago professor Steven Kaplan on the new SEC proposed rules on proxy advisory firms, moderated by Luigi Zingales.

Republican Operative Holly Turner Posts Appallingly Deceptive Video in Support of Anti-Shareholder Proposal from the SEC

Republican operative and former Trump administration official Holly Turner has posted a  fraudulent video on YouTube urging her followers to support the proposed rulemaking at the SEC to undermine the fundamental market principles of capitalism and suppress shareholder votes and access to independent research.   The disappearance of the fake CEO-funded dark money front group…