Coalition Statement of Principles
It has been more than 30 years since the current shareholder voting and communications system was established. Advances in technology, increases in shareholder activism, and new regulatory requirements have created a need to modernize the corporate governance processes used by shareholders of publicly traded companies.
Click here to review a flow chart describing the multiple steps and intermediaries involved in the current shareholder voting and communications system.
The Shareholder Communications Coalition has drafted a short position paper explaining the problems with the current system and urging that the U.S. Securities and Exchange Commission (SEC) undertake a comprehensive review of its shareholder voting and communications rules.
Click here to review the Coalition's Statement of Principles paper.
On August 4, 2009, the Coalition issued its recommendations for modernizing and reforming the proxy processing system.
Click here to review the Coalition's Discussion Draft on Public Company Proxy Voting.
On April 12, 2004, the Business Roundtable filed a Petition for Rulemaking Regarding Shareholder Communications with the SEC. The Petition urges the SEC to undertake a thorough examination of the rules governing the ways in which public companies communicate with the shareholders of their securities. To date, the SEC has not taken any action on this Petition.
Click here to review the Business Roundtable's 2004 Petition.
Click here to review the Coalition's letter to the SEC of July 29, 2005, regarding the Petition.
Click here to review the public comments filed with the SEC by interested organizations regarding the Business Roundtable Petition (SEC File Number 4-493).
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Some of the terminology on this website can get confusing. Please click here for a Glossary of Helpful Terminology.
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