Tag Archives | Cooley

SLB 14L

SLB 14L Will Reduce Costs and Encourage Dialogue (12/23/21 Update)

SLB 14L, issued November 3, 2021, will reduce the costs and uncertainties for both shareholders and boards associated with shareholder proposals. Shareholders will be able to get to the point on important environmental, social, and governance (ESG) issues without so much careful word crafting by attorneys. Companies will not waste time on expensive analysis by […]

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SEC Trampled Shareholder Rights

SEC Trampled Shareholder Rights

SEC Trampled Rights. September 23 was a bad day for shareholders, society, and the environment. It was an action typical of the Trump Administration, where political appointees work counter to the missions of regulatory bodies. The only significant “support” for the amendments from shareholders came from a few fake letters, which Chairman Clayton read into […]

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Main Street Investors

Main Street Investors: Battle Coming

The battle over Main Street Investors could determine the future of the American economy for decades to come. According to Cydney Posner of Cooley PubCo, on one side are those who believe investors must focus on maximizing financial return and management knows best. On the other side are those who want to broaden the focus […]

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First Proxy Access -Cartoon from Pensions & Investments

First Proxy Access Failed: What Needs Fixed?

As most readers probably know, the first proxy access campaign was terminated by GAMCO Asset Management Inc. (affiliated with activist investor Mario Gabelli) after their eligibility under National Fuel Gas Company (“NFG”) bylaws was challenged. Since I petitioned for an SEC rulemaking to allow proxy access in 2002 and have been an active filer on the […]

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