Posts in Shareholder Advocacy
“Undemocratic hall pass”: SEC sued over no-action request rule change

“‘Since proposals are generally non-binding, the only real benefit of these changes appears to be shielding companies from having to consider hard issues that would be easier to sweep under the rug’, explains Danielle Fugere, As You Sow’s president and chief counsel.”  Read More →

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Public Citizen Files Lawsuit Challenging Chubb’s Refusal to Circulate Shareholder Proposal on Climate-Driven Insurance Crisis

As You Sow’s proposal addresses a significant policy issue—the affordability and availability of homeowners insurance in the face of climate change—that directly impacts the company’s long-term financial sustainability and carries broad societal implications." Read More →

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It just got harder for shareholders to push companies on climate

“Ultimately, Behar said, limiting small investors’ options for holding corporations accountable removes incentives for those companies to constructively engage with advocates. ‘Companies generally sit down with us,’ he said, noting that As You Sow had more than 100 such engagements last year alone. ‘It’s all part of a process.’” Read More →

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As You Sow leads criticism of SEC’s updated restrictions on smaller shareholders

As You Sow has led a chorus of critics after the SEC reversed its long-standing practice of allowing smaller shareholders to file Notices of Exempt Solicitation on the SEC’s EDGAR system, calling the move a ‘significant setback for shareholder democracy and informed capital markets.” Read More →

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Shareholder activist Behar says Trump is 'disassembling capitalism'

“Trump's December 12 executive order on proxy solicitors did not restrict proxy voting by big index funds, once a right-wing priority, and a sign the administration may not wholly side ​with executives against investors.

To make sense of things, I spoke with Andrew Behar, CEO of activist investor group As You Sow, a frequent resolution filer and company interlocutor.”
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SEC panel urged to back shareholder rights, proposal process

Shareholder Rights Group — whose members include nonprofits As You Sow, Ceres and the Interfaith Center on Corporate Responsibility, as well as the nation’s largest federation of unions — sent the letter Thursday, after the IAC explored proxy proposals and the implications of ExxonMobil’s lawsuit against Arjuna Capital at a meeting last month.  Read More

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