Between this summer’s debt limit debates and ensuing market turmoil, it’s no surprise that the proxy access ruling from the federal appeals court received little attention. While proxy access may not be as tangible as global fears of economic turmoil and stock market meltdowns, it warrants a quick update to our readers, at least beforeContinue Reading
Who’s between a company and its shareholders? According to the SEC, it’s merely brokers, banks, custodians, securities depositories, transfer agents, proxy solicitors, proxy service providers, proxy advisory firms, and vote tabulators. Here’s the quote from their Concept Release on the US Proxy System: The manner in which proxy materials are distributed and votes are processedContinue Reading
On July 14, the SEC published the Concept Release on the US Proxy System. They occasionally issue these releases, maybe two or three times a year, when they’re considering substantial problems. They want your feedback. This time around, the SEC describes our current proxy voting system, its consequences on shareholder communication and participation, and theContinue Reading
Since the great credit crisis, the SEC has had its hands full. Among other things, the Commission had to deal with regulatory flaws Madoff exposed, the public outcry to reign in dastardly short sellers, the massive leverage employed by Wall Street, and the market’s underlying structure that is apparently allowing high frequency traders to printContinue Reading
Here, we muse about proxy voting, corporate governance, our startup experience, and whatever else strikes our fancy.
