Subject: Don’t limit shareholder resolutions
From: Darcy Hitchcock and Dale Graham

January 7, 2020



Re: Procedural Requirements and Resubmission Thresholds Under Exchange Act Rule 14a-8 


I am concerned about the proposed rule change regarding shareholder resolutions, “Exchange Act Rule 14a-8.” We are the OWNERS, not those in the C-suite or their appointed board members, and we have a right to push corporations toward social responsibility and sustainable practices.  


Executives are predominately incentivized to maintain earnings for Wall Street so these shareholder resolutions are important to ensure those profits are made ethically and morally.  These resolutions can help corporations foresee looming risks, as annoying they may seem. 


I am in my 60’s and have been investing since I was 20. We have a sizable portfolio and we were early adopters in sustainable investing. So I’m particularly concerned about the Bloomberg report indicating that oil and gas interests are driving this change in rules. They need to help us shift toward clean energy, not limit shareholders insistence that they do so. 


Darcy Hitchcock and Dale Graham 
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Darcy Hitchcock 
From my iPad