Tell Congress: Don't Kill Shareholder Rights

The Issue

As an individual investor (and a member of The Motley Fool), I am writing to register my opposition to changes currently being made to the financial reform legislation that completely strip away essential shareholder rights. In order to hold corporations, their boards, and CEOs accountable, we need to have majority voting rules. We also need to strike the completely unreasonable 5% threshold to proxy access - a newly added provision that was in neither the house nor Senate version of the bill in the first place. Allowing these 11th hour changes to go through would result in a spineless Shareholder Bill of Rights that cannot - and will not -- truly represent the interest of individual investors and shareholders like me.

Thank you,

 

This petition had 1,416 supporters

The Issue

As an individual investor (and a member of The Motley Fool), I am writing to register my opposition to changes currently being made to the financial reform legislation that completely strip away essential shareholder rights. In order to hold corporations, their boards, and CEOs accountable, we need to have majority voting rules. We also need to strike the completely unreasonable 5% threshold to proxy access - a newly added provision that was in neither the house nor Senate version of the bill in the first place. Allowing these 11th hour changes to go through would result in a spineless Shareholder Bill of Rights that cannot - and will not -- truly represent the interest of individual investors and shareholders like me.

Thank you,

 

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Petition created on June 18, 2010