Dear Colleagues,
I enclose a copy of a letter submitted by Walden today to the SEC in support of their proposal to mandate an Advisory Vote on executive compensation.
The letter is detailed and summarizes some of the history of work on the Advisory Vote as well as calling for the SEC to move to mandate the vote to companies beyond TARP recipients. I hope you find it informative. The SEC comment period of 60 days ends on Sept 8 so letters of support are in order.
Please feel free to contact me…
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Posted on July 14, 2009 at 2:29pm —
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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 You involvement could really help move the initiative forward.