Buzzword: Proxy access

Marketplace Staff Nov 30, 2007
HTML EMBED:
COPY

Buzzword: Proxy access

Marketplace Staff Nov 30, 2007
HTML EMBED:
COPY

TEXT OF STORY

Ignored investors bring us this week’s Marketplace Money Buzzword: proxy access.

Proxy access is all about investors looking for respect. At shareholder meetings, they’re allowed to vote on board members and company proposals, but they can’t nominate members or make their own proposals.

Activists hope to change that and give some stockholders a chance to have more say. Well, this week the SEC thought about it … and decided to keep things as is.

So now the only tools investors have to get themselves heard are phone calls, e-mails and maybe a rock through the SEC’s window.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.