VEA Chair Robert A.G. Monks and Vice Chair Nell Minow have filed a comment with DOL/EBSA on the proposed rule covering proxy voting and ESG factors for pension fund fiduciaries. We strongly endorse the rule, point out the conflicts and deceptions of those supporting the previous rule, and discuss the collective choice problem as it…
Tag: rulemaking
CII Letter to DOL/EBSA on the Proxy Voting Proposal
The Council of Institutional Investors has filed a comment objecting to the proposed rule form DOL/EBSA on proxy voting by ERISA fiduciaries. The full comment is below. An excerpt [footnotes omitted]: DOL has not provided a persuasive rationale for the Proposed Rule. In fact, the Proposed Rule is premised on fundamentally flawed assumptions about shareholder…
Michael Hiltzik: The SEC tries to stifle shareholder voices – Los Angeles Times
We were very glad to see this column from one of our favorite journalists, and got a special kick out of learning that the fake dark money front group we exposed has shut down its website (though its virulent initiatives continue, just offline now). For all the lip service that corporate executives pay to the…
SEC Proxy Rulemaking: Insightful Comment with Compelling Data from Tom Shaffner
One of the most compelling and persuasively documented comments we have seen on the SEC’s proposed rule on proxy advisory firms and proxy proposals comes from an individual investor and data scientist named Tom Shaffner. We highly recommend reading the comment in full at the link below. Some highlights (footnotes omitted): The more I’ve learned…
ValueEdge Advisors 