Take a look at another great post by Jim McRitchie on his blog last week describing the barriers (including costs) shareholders face when attempting to vote their proxies (Who Will Pay for CDV/AVI?). It is obvious to all that the current system is not a level playing field for the individual shareholder. At Moxy Vote we are addressing this problem. The SEC can help shareholders by making changes to the system that make it easier for individuals to participate – removing bottlenecks and addressing costs are a good place to start. These improvements will help not only Moxy Vote but also assist all organizations that attempt to provide easy, efficient and informed ways for individuals to vote their proxies. Is a level playing field too much to ask for?
Earlier this summer we talked in more detail about the SEC’s Concept Release on the Proxy Voting System on our blog (SEC concept release: scrutiny of proxy voting and The Game of Telephone). Before the 90 day comment period is up, we will be submitting our suggestions to the SEC on how they can make it easier for the individual shareholder to vote their proxies. When we do, we will post them here with ways you can comment to the SEC as well.
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