Jan. 7, 2020
Rule Comments, As an independent businessman I own stocks in various corporations and while my portfolio is not large I welcome new insights from actors and stakeholders when issues are raised that have credible impacts and implications for all firm shareholders, stakeholders, customers and the public who are the market. The recent concentration of powers in corporate managers too often has resulted in extraordinary costs and problems that are ignored in single minded pursuit of profits by unconstrained corporate management. Every firm has obligations and needs for flexibility to move with the times which are met by shareholders input , regardless of the numbers of shares they may own. Too often corporate controlling interests ignore the firm’s responsibilities for labor standards, executive compensation, human rights and the environment. To allow further limitations on shareholder rights fundamentally degrades capital ownership and calls in to question the validity of capital investment. Change to existing rules regarding shareholder motions are not appropriate at this time. T. Cassidy [redacted]