June 16, 2009
The management of American corporations commonly have boards that award mangers, large, if not excessive, numbers of company stock. As a small investor I wonder at times if it is even worth it to vote my relatively small number of shares. It is certainly unfair and discriminatory to investors like me to give management the capacity to count what are prima facie abstentions as positive votes for the managements positions.
I strongly support the new proposed rule. It is well past time that the SEC should be more active in considering the interests of small or individual investors.
Henry J. Gwiazda, Ph.D.