The SEC should not limit the right of investors to sponsor shareholder resolutions: Guest Post from Timothy Smith, Walden Asset Management

The U.S. Securities Exchange Commission (SEC) has just announced its plans to present a revised Rule that will limit the ability of investors to file shareholder resolutions for votes at company stockholder meetings. This comes amidst a concerted effort by certain business groups to sharply limit shareholders’ ability to exercise these rights as owners of…

Walden Asset Management and CalSTRs Ask NAM Members Why They Support Main Street Investors Coalition

Walden Asset Management released this statement today: Investors led by Walden Asset Management and the California State Teachers’ Retirement System (CalSTRS) called on 45 companies sitting on the Executive Committee and Board of the National Association of Manufacturers (NAM) to end the trade association’s attacks on shareholders. The investors’ letter asks the companies to distance…