Feb. 27, 2020
Vanessa Countryman, Too many CEOs are still equating fiduciary responsibility with maximizing short term gains. This business error is putting our economy at risk, and we need to keep checks and balances available. The federal agency tasked with protecting American investors should be encouraging a robust system of checks and balances between the owners of corporate wealth and companies’ management, not shutting down the main path for providing shareholder input. These new rules would make it harder for investors to raise emerging issues with managers, meaning that it would halt progress toward addressing critical issues impacting companies and our communities over the long term. The SEC should be facilitating shareholder democracy, not undermining it. This new set of rules should not be advanced. Thank you for your consideration. Alice Carli [redacted]