A COMMONSENSE AGENDA
Demanding that fund managers focus on maximizing performance – not playing politics with other people’s money
Providing retail investors with more visibility into how the funds they own vote on their behalf
Forcing third-party, “black-box” proxy-advisory firms to be more transparent about potential conflicts of interest
Insisting that public pension funds meet the same basic regulatory and reporting standards as private pension funds
Main Street Investors’ Manifesto
October 30, 2019 | Main Street Coalition
It’s Official: SEC to Consider Amendments to Proxy Solicitation and Shareholder Proposal Rules
Today, the U.S. Securities and Exchange Commission (SEC) announced it will hold an Open Meeting next Tuesday, November 5, to vote on whether to propose amendments to the proxy solicitation and shareholder proposal rules. The highly-anticipated meeting comes two-months after the SEC issued guidance to clarify investment advisers’ proxy voting responsibilities and alluded to forthcoming rulemakings.
October 25, 2019 | Main Street Coalition
Breaking News – SEC Set to Vote on New Proxy Advisor Rules
Earlier today , the Financial Times reported the SEC will likely move to vote on proposals that would impose new regulations on proxy advisors and changes rules regarding shareholder proposals. According to people familiar with the plans, the new rules would require proxy advisors to give companies that employ them two chances to review proxy ...
October 25, 2019 | Financial Times
US SEC to propose regulations for proxy advisers
The US Securities and Exchange Commission is set to propose new limits on shareholders’ ability to agitate for change at companies, handing a win to pro-business lobby groups. The SEC, led by chairman Jay Clayton, is expected to vote to propose rules that would require proxy adviser firms to give companies two chances to review proxy voting materials before they are sent to shareholders, according to people familiar with the plans.