As You Sow
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Don't Let the SEC Silence Shareholder Voices!
Shareholder democracy is being profoundly threatened by the newly released SEC rules that are currently in their 60 day comment period. These proposed rules contain several provisions that would fundamentally impair investors' rights to express their views by filing shareholder resolutions. These new rules include raising the submission thresholds that will give shareholders with greater wealth a louder voice. They will also silence new innovative resolutions that often take time to be socialized and do not garner high votes in the first and second year. Other threats to shareholder voices include the SEC adding new, stringent requirements on shareholder proponents that rely on representatives to submit their proposals. This is a bold-faced attempt to silence shareholder voices and undermine rules that have worked well for half a century. Now, more than ever, corporations need shareholders to help them navigate a myriad array of risks. Please use the template provided to write your own letter (UNDER PETITION UPDATES)—a personalized comment counts more than a form letter. Also, sign our petition and make your voice heard. We will be sending signatures and the letter linked below to the SEC as part of the 60 day comment period. Let’s work together to defeat these destabilizing rule changes that will profoundly affect consumers, investors, and the economy at large.