Proxy Governance Mulls Change to Non-Profit That Would Bring Benefits to Individual Owners

Take a look at this story from Pensions and Investments Online concerning Proxy Governance. They are considering a big change in their ownership model that would transform the company into a non-profit entity. The change would potentially allow individual owners to access the automated voting capabilities and company-level proxy research that larger institutions have, tools that now have been out of the reach of the individual investor and even some smaller institutional investors.

This increase in technology for the individual could be a key in turning corporate elections and ballot item voting into more representative outcomesof the owner base, and in turn potentially provide companies with the better monitoring they need.

The barrier that has kept the individual from participating is the high cost of information and the lack of automated or technologically-assisted voting. A non-profit Proxy Governance could fell both these obstacles.

www.pionline.com/article/20100713/DAILYREG/100719978