Dear Chairman Cox:
I'm an investor, and I'm also a citizen concerned about the damage to civil society wrought by poorly behaving corporations. Shareholders already have a tough time getting companies to listen to them, so why is the SEC proposing rules that could curtail or eliminate the ability of shareholders like myself to raise important issues with corporate management? I urge you to not curtail investors' rights to file advisory resolutions under Rule 14a-8.
Advisory resolutions play a vital role in encouraging corporations to be responsive to their owners. They help to promote improved corporate governance, greater accountability, and more meaningful disclosure.
Any actions that would restrict or eliminate advisory shareholder resolutions would be a disastrous step backwards. Please let me know what action you intend to take on this issue.