“The SEC ‘was founded in 1934 to provide communication between shareholders — to create trust between companies and their beneficial owners — and now they are no longer going to be helping shareholders,’ said Andy Behar, the CEO of As You Sow, in an interview.” Read More →
Read More“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 →
Read More“Andy Behar, CEO of As You Sow warned that ‘restricting exempt solicitations to the few largest investors harms the core tenets of capitalism – information and trust between corporations and their beneficial owners’.” Read More →
Read More“As You Sow said the new policy ‘risks chilling legitimate shareholder speech and weakens the fundamentals of a strong market.’” Read More →
Read More“Shareholder advocacy nonprofit As You Sow said Friday that a potential repeal of Rule 14a-8, and potential changes to the shareholder proposal process, ‘entirely ignores the financial benefits and pecuniary outperformance resulting from shareholder proposals.’ " Read More →
Read More“The SEC ruled for shareholders in around 40 per cent of shareholder proposal cases. Its disappearance from the fray would remove a vital platform for recalibration and stability,” Danielle Fugere, president of As You Sow, told Sustainable Views." Read More →
Read More“Shareholder advocacy group As You Sow, which filed the resolution, responded this week by saying shareholders were not demanding disclosures requiring the kind of ‘intricate detail’ outlawed by SEC guidance.” Read More →
Read MoreESG disclosure is maturing and starting to get the support it needs from the SEC, said Andrew Behar, CEO of As You Sow, a shareholder advocacy group that pushes companies to be more socially responsible.
“It’s all moving us into a place where we can actually judge which companies are part of an economy based on justice and sustainability,” Behar said. Read More →
Read More“Politics should be separate from markets,” said Danielle Fugere, president of shareholder advocacy group As You Sow. “The world is transitioning towards a greener economy, and markets are adjusting to that. It is absurd for lawmakers to think that they’re going to put a stop to that progress. It would be detrimental to U.S. businesses.” Read More →
Read More"We are concerned that the Proposal's division of funds into three separate categories does not reflect the reality of how fund managers incorporate ESG factors in investment and stewardship decision-making, which could increase compliance costs," As You Sow CEO Andrew Behar said in a letter to the SEC. Read More →
Read MoreShareholder advocacy non-profit As You Sow also welcomed the change, with the organisation’s President, Danielle Fugere, calling it a “timely and necessary” move which would help shareholders play a “critical role in ensuring companies are addressing issues that create risk and opportunity and can affect shareholder value”. Read More →
Read More“This guidance, which underscores the [right of] shareholders to raise and vote on important issues, is timely and necessary,” Danielle Fugere, president of As You Sow, said in a statement. Read More →
Read More“As You Sow and the shareholders we represent believe that corporations need to disclose greater detail about their policies and practices to include material environmental, social, and governance” data, Behar said. Read More →
Read MorePhillip Goldstein, a co-founder of Bulldog Investors LLC, wrote the SEC in March to urge the agency to stop a potential move by companies to opt out of the rule by only allowing votes on shareholder proposals that have been approved by a company board… Other stakeholders such as Andrew Behar, the chief executive officer of the non-profit organization As You Sow, says worries about excessive shareholder proposals are overblown. Read More →
Read MoreCorporate boards, on the other hand, don’t tend to share the same appreciation. Companies aren’t as comfortable having explosive concerns aired in “the public eye…where they cannot necessarily control what is said about them,” says Welsh, whose organization produces the Proxy Preview with the nonprofit shareholder activist organization As You Sow and Proxy Impact, a shareholder advocacy and proxy voting service. Read More →
Read MoreGreen America, a not-for-profit membership organization focused on the economic power of consumers, investors and businesses to create an environmentally sustainable economy, along with Americans for Financial Reform and As You Sow, delivered the petition. Read More →
Read MoreGreen America, Americans for Financial Reform (AFR) and As You Sow delivered the signatures today to the SEC at its Washington, D.C., offices at 100 F Street NE. Signatures also were gathered by Public Citizen and Interfaith Center on Corporate Responsibility (ICCR). Read More →
Read More“Reducing greenhouse gas emissions at the margins, while continuing business as usual as Exxon and Chevron are doing, is not a successful long-term business plan, especially when competitor companies are implementing new paths to thrive in a low-carbon economy,” said Danielle Fugere, president of As You Sow, sponsor of resolutions demanding Chevron and Exxon align their business models with the goals of the Paris Agreement. Read More →
Read MoreThe power of the shareholder to hold accountable the companies in which they invest is under threat in the US.
Read MoreThe U.S. Securities and Exchange Commission formally proposed a new rule on Tuesday that could make it harder for shareholders to submit proposals dealing with social issues like executive pay and climate change.
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