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Coalition Unveils New Public Policy Website

GRC Announcements | October 30, 2008

The Shareholder Communications Coalition, based in Washington, D.C., has announced the creation of a new website, as a part of a broader effort to make public significant challenges in the current system used by investors to vote their shares in corporate elections.

The Coalition comprises five associations: Business Roundtable; National Association of Corporate Directors; National Investor Relations Institute; the Securities Transfer Association; and the society of Corporate Secretaries & Governance Professionals.

The Coalition’s effort to inform the general public and engage policymakers in reform of this system is being driven by a number of abusive practices in share lending programs and complex derivative products that are impacting the proxy voting system.

The Coalition further believes that the SEC’s proxy voting and shareholder communications rules are antiquated and in need of reform. “If the U.S. financial system is to remain competitive in a...

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