Members of the USPX are celebrating the launch of our brand new website. It offers a host of social networking tools that will allow members […]
Focus on the USPX – Proxy Exchange Organisation
Meeting attendees Vincent Cirulli and Chris Sturr during a breakout session. On Saturday, eight members of the USPX came together for a day-long focus group […]
Locking Out Shareowners (For a Fee) – Majority Shareholder Rights
It is the most sinister development in finance since robo-signing of foreclosure documents: corporations locking shareowners out of their own annual meetings. The pretext is […]
Symantec Letters
In September 2010, the USPX called for a letter writing campaign directed at Symantec Corporation to protest their decision to hold a virtual-only annual meeting. […]
Symantec Letter Writing Campaign – Shareholder Rights Project
On September 20, 2010, Symantec Corporation set the pathetic precedent of being the first Fortune 500 company to hold a virtual-only annual meeting without shareowner-approved […]
Shareholder Rights Agreement – An Open Letter to Institutional Shareholder Services (ISS)
VIA E-MAIL ([email protected]) Global Policy Board Institutional Shareholder Services Inc. 2099 Gaither Road Rockville, Maryland 20850 Re: ISS 2012 Proxy Voting Policies – Proxy Access […]
Pushback From SEC Staff – Shareholder Appraisal Rights
“Stunning”, “arbitrary”, “unjustifiied” … “questionable”: these are some of the words individual shareowners are using to describe the SEC handling of six corporations’ requests to […]
Proxy Access: A New Version – Shareholder Preemptive Rights
Update: This is a revised version of an earlier post this month. I’ve deleted that post because I don’t want anyone to mistakenly use the […]
Test Driving the USPX Guidelines on Say-on-Pay
Brett Davidson is a member of the United States Proxy Exchange Website and publishes Investletter. He serves on the committee that released the USPX guidelines for voting […]
The SEC’s Problem With the First Amendment – Private Shareholder Rights
The SEC’s approach to regulating US securities markets relies on controlling speech: they compel “disclosures”, prohibit certain statements, and impose onerous requirements on others. All […]
Wall Street Journal Spotlights USPX Efforts on Virtual Annual Meetings.
Monday’s Wall Street Journal includes a wonderful article by Joann S. Lublin highlighting the USPX’s efforts to address the risks of “virtual” annual meetings. While virtual annual meetings have […]
Proxy Advisors Obstruct Proxy Access
The good news is that, on the second round of submissions of the USPX model proxy access proposal, the SEC rejected all no-action requests. We […]
Broadridge Smokes Their Own Dope
The rudimentary software Broadridge offers corporations for running virtual annual meetings disenfranchises shareowners. This was on display when Symantec Corp. hosted a virtual-only annual meeting […]
Apache vs Chevedden Lawsuit
During February and March of 2010, the USPX intervened in a lawsuit that, if lost, could have devastated shareowner rights. The event provides a cautionary […]
SEC: Time To Remove the Gag
When corporations go to court to challenge a shareowner’s right to submit a proposal for inclusion in the firm’s proxy materials, it is up to […]