A January 23, 2026, guidance from the staff of the U.S. Securities and Exchange Commission (Question 126.06), has reshaped how shareholders can communicate during proxy season. ICCR and As You Sow have stepped up to partially fill the void, but instead of having this information pushed out to them, shareholders must now go looking for […]
In Question 126.06, of an interpretative bulletin issued on January 23, 2026, the SEC’s Division of Corporation Finance clarified that only shareholders who beneficially own more than $5 million of a class of securities may file Notices of Exempt Solicitation under Exchange Act Rule 14a-6(g)(1). While the SEC staff has for decades permitted all shareholders to voluntarily […]
Many companies use supermajority voting requirements to keep shareholders from changing corporate bylaws. Majority voting should be the standard for shareholders to amend bylaws at all companies. Companies run by entrenched authoritarians oppress workers, externalize costs, and support presidents who act like dictators. To ensure a harmonious society and a salubrious environment, support the movement […]
Listen to a spoken introduction: Proxy access is needed. Companies run by authoritarians oppress workers, externalize costs, and support presidents who act like dictators. To ensure a harmonious society and a salubrious environment, support the movement to democratize corporations. Corporate governance is key. Get that right, and we can elect directors who care about growing […]
Iconik’s Prism tool offers investors and advisors a powerful way to compare voting profiles and fund voting records. Iconik has been the leader in automating proxy votes for free or at a meager cost. Iconik serves advisors, fund managers, employers, and individuals. I used it during the 2024 proxy season, saving countless hours of reading […]
N-PX Data Tagging? Yes, that might be the most important rulemaking the SEC could undertake to move our economy in a positive direction. SEC Commissioner Allison Herron Lee gives voice to this small change that could have a dramatic impact on how America invests (about 7 minutes into the video below). Read the text. Structuring […]
SEC Release File No. S7-23-19 comments are due today. This Release and that of File No. S7-22-19 are the most dangerous I have seen during my twenty-five years of blogging. Both would make corporations less accountable to their owners and the public. Both would help turn corporate governance into a more democratic-free zone. Thousands of comments opposing […]
XBRL Challenge XBRL US announced the 2nd annual XBRL Challenge, a contest to discover the top open source analytical tools that can mine XBRL-formatted corporate financial data from the SEC’s EDGAR database. $20,000 will be awarded to the top two teams, individuals or organizations that submit the most useful and user-friendly application that conducts innovative analysis […]
There are three new or continuing developments this year, according to the SEC: (more…)