Proxy Access

  • Proxy Access

    Gretchen Morgenson’s Strange Argument For Proxy Access

    We spent so much time yesterday talking about Ben Stein that we never got around to Gret-Gret’s Sunday essay decrying the SEC’s recent proxy access decision. Which is a shame because it was pretty loopy too. Morgenson begins with the contention is that the recent losses by publicly held financial companies are the result of […]

    / Dec 4, 2007 at 4:31 PM
  • Proxy Access

    SEC Shareholder Rights Vote: A Victory For Investors, A Set-Back To Unions

    The completely predictable caterwauling over the proxy access decision by the SEC has already begun. “The tensions over proxy access may tarnish Mr. Cox’s image as a self-proclaimed investor advocate,” the Wall Street Journal’s Kara Scannell claims in an article the editors of the Journal headlined as “Cox Puts Legacy On The Line.” We’ve said […]

    / Nov 30, 2007 at 12:54 PM
  • Proxy Access

    SEC Nixes Proxy Access Proposal

    The confused idea of shareholder democracy suffered a set-back today when the SEC voted 3-1 to allow companies to block investors from placing board nominees on official corporate election ballots. There will no doubt be lots of hand-wringing about this vote but most of what you need to know about the proxy access proposals can […]

    / Nov 28, 2007 at 4:12 PM
  • Proxy Access

    Shareholder Democracy and the New York Times

    Gretchen Morgenson is one of the most aggressive advocates of shareholder voting rights proposals. Criticism of the proposals to increase shareholder proxy access only seems to strengthen her resolve. One source of this strength appears to be her spectacular immunity to argument and evidence. One would think that advocates of a massive, centralized, bureaucracy driven […]

    / Oct 22, 2007 at 4:05 PM
  • Proxy Access

    SEC Still Confused On Proxy Access

    On the eve of the official deadline for comments on the two conflicting shareholder access rules, the SEC is not closer to reaching consensus that it was when the controversy started several months ago, according to the Wall Street Journal. Mr. Cox voted with the commission’s two Democrats for a proposal that would allow shareholders […]

    / Oct 1, 2007 at 10:02 AM
  • Proxy Access

    Non-Stop Coverage Of Shareholder Democracy and Shareholder Activism

    Can’t get enough of proxy access coverage? Check out Steve Bainbrige’s take here and the Business Law Prof blog’s insights here.

    / Sep 28, 2007 at 10:45 PM
  • Proxy Access, SEC

    The Dangerous Myth of Shareholder Democracy

    The myth of shareholder democracy holds a powerful sway over public opinion. The comments we’ve received on our two articles on the proxy access rules now up for comment at the Securities and Exchange Commission demonstrate that people continue to be bedeviled by the misguided analogy with democratic political regimes. One of the mental levers […]

    / Sep 28, 2007 at 2:34 PM

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