November 9, 2019
Corporate executives and boards already have unprecedented power to affect the financial and physical well-being of our citizens through lobbying to loosen regulations and overly generous campaign contributions to influence our government officials. Why would the SEC, which is supposed to provide oversight of corporations to protect investors, institute new rules that lessen the ability of shareholders to provide another level of accountability? Shareholders are the owners of these corporations and should have the ability to bring proposals to the corporations they own in order to protect their investment and encourage responsible corporate behavior with minimal restrictions. The proposed rules weaken shareholder power and lessen necessary corporate oversight and should be abandoned. The SEC needs to do the job it was created for and reject these rules that only give more power to corporations to act in ways that benefit the few in control at the expense of the investors and general public.