Corporate Governance

Shareholder Communications Coalition

By J. Robert Brown

We are pleased to note the entry of the Shareholder Communications Coalition to the blogosphere.  The Coalition is an advocacy organization "dedicated to improving the ability of individual investors to vote their shares and communicate with the publicly traded companies in which they invest."  The Coalition is seeking, among other things, reform of the Shareholder Communication Rules and supports the petition submitted by the Business Roundtable on the topic. 

This aspect of the Coalition's task is wholly supported by The Race to the Bottom.  The Shareholder Communication Rules, particularly those that deal with communications between issuers and beneficial owners, are unnecessarily complex and do more to impede rather than improve the communication process.  For more, see The Shareholder Communication Rules and the Securities and Exchange Commission: An Exercise in Regulatory Utility or Futility?  The article is listed on the Coalition's web site.  We are sure to follow the Coalition's efforts in this area.

Full post as published by The Race to the Bottom on October 31, 2008 (boomark / email).