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.