Archives for Retail Shareholders

FAR Agenda Release Congressional Letter

Date: April 8, 2013

Issue: Regulatory Reform 

To: The Members of Congress

Filing Type: Congressional

Description: CCMC released the Fix. Add. Replace. (FAR) Agenda to Fix the gaps and unintended consequences of Dodd-Frank, Add solutions for those issues that were ignored, and Replace flawed provisions of Dodd-Frank.

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Examining the Power and Impact of Proxy Advisory Firms

Date: June 4, 2013

Issue: Corporate Governance

To: The Honorable Scott Garrett and the Honorable Carolyn Maloney

Filing Type: Congressional 

Description: The U.S. Chamber of Commerce hopes to work with the Subcommittee to implement solutions that can benefit retail shareholders and  provide businesses with a more efficient means of raising capital to grow and create jobs. 

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Proposed Rule Change Amending NYSE Rules 451 and 465, and the Related Provisions of Section 402.10 of the NYSE Listed Company Manual, which Provide a Schedule for the Reimbursement of Expenses by Issuers to NYSE Member Organizations for the Processing of Proxy Materials and Other Issuer Communications Provided to Investors Holding Securities in Street Name and to Establish a Five-Year Fee for the Development of an Enhanced Brokers Internet Platform

Date: March 15, 2013

Issue: Corporate Governance

To: U.S. Securities and Exchange Commission

Filing Type: Regulatory

Description: The CCMC has been supportive of efforts and proposals to enfranchise retail shareholders and have communicated these positions many times to the Securities and Exchange Commission (“SEC”) most recently in our November 1, 2012 letter to then Chairman Mary Schapiro. Our comments in this letter are solely focused on our strong support for the proposal to adopt a program to encourage wider adoption of enhanced broker internet platforms (“EBIPs”). The establishment of the EBIP program is an important first step in enfranchising retail shareholders and we would encourage the SEC to take additional steps in this area.

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