The Shareholder Communications Coalition announced yesterday the creation of a new website, http://www.shareholdercoalition.com, as a part of mission to “inform the general public and Washington policymakers about significant challenges in the current system used by investors to vote their shares in corporate elections.”
The Coalition is made up of five associations: Business Roundtable, National Association of Corporate Directors, National Investor Relations Institute, the Securities Transfer Association, and the Society of Corporate Secretaries & Governance Professionals.
The Coalition states that its communications efforts are designed to address numerous “abusive practices” that it believes impact the proxy voting system, as well as “antiquated” SEC proxy voting and shareholder communications rules.
