On April 16th, SGI’s quarterly member webinar examined how the engagement season will be shaped by the pandemic and racial justice issues. We are grateful that Michael Passoff of Proxy Impact and Meredith Miller of the UAW Retiree Medical Benefits Trust joined us to enrich our conversation. We had some great interaction in the question and answer period, and, if a member missed it, please, email a staff member for a link to the recording.
Every year, billions of shares are voted at more than 3,000 shareholder meetings of public companies. “Proxy plumbing” is an informal name for the system by which proxy materials land in shareholders’ mailboxes each year. The name is apt. Today’s proxy plumbing is confusing, inefficient and expensive, much like some interconnected jumble of water pipes, joints and faucets. Michael and Meredith helped give us a clearer understanding of how shareholders can better navigate the maze.
Again, we are very grateful for the presence of Michael and Meredith in this webinar, for their commitment to this work, and their generosity in sharing their wisdom and experience with us. As always, we welcome your feedback via a confidential evaluation found here. Slides are available here.