Date: March 20, 2013

Issue: Corporate Governance

To: U.S. Securities and Exchange Commission

Filing Type: Regulatory

Description: Instead, The CCMC believes that government should encourage public companies, investors, and proxy advisory firms to engage in a dialogue to create a system that brings transparency and accountability to proxy advisory firms. This dialogue should build on other positive trends in the proxy system including greater communication between companies and shareholders, and enhanced due diligence by asset managers in executing shareholder votes.

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