Shareholders’ rights to engage with management of companies they own are under fierce attack. If passed, a proposed House Bill would allow only the largest shareholders to file shareholder resolutions. Currently, resolutions provide owners – small and large — a tool to engage with companies on issues ranging from climate change disclosure to increasing diversity at the board level to digital security. These resolutions provide critical feedback that improves company governance. The proposed legislation would silence all but billionaires and institutional investors. Quite simply, it is both un-democratic and anti-capitalist.
Read More in HuffPost