See below for a brief excerpt from my comment letter to the SEC concerning the proposed rule to give shareholders access to the proxy for the nomination of directors.
Upon reviewing the Proposed Rule, I was encouraged to learn that mutual funds, as issuers, are within the intended scope. However, much can change between initial proposal and final rule. Thus, I write to say, in short, please do not exempt mutual funds from the obligations to give fund shareholders proxy access…
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Posted on August 15, 2009 at 10:02am
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I hope you will also consider sending a comment to the SEC supporting our petition to prevent blank votes by retail shareowners from automatically turning into votes for management.
See http://www.corpgov.net/news/news.html#BlankVotes Your involvement could really help move the initiative forward.
Please also keep http://www.corpgov.net/news/news.html in mind when you have a quick commentary on corporate governance, especially your latest research.