Hearing: Reforming the Proxy Process to Safeguard Investor Interests

Subcommittee on Capital Markets (Committee on Financial Services)

Thursday, July 13, 2023 (10:00 AM)

2128 RHOB
Washington, D.C.

Witnesses

Mr. Christopher Netram
Managing Vice President, Policy, National Association of Manufacturers

Added 07/10/2023 at 04:19 PM
  • Witness Statement [PDF] Added 07/12/2023 at 11:47 AM
  • Witness Truth in Testimony [PDF] Added 07/12/2023 at 11:47 AM

Dr. Joshua White
Assistant Professor of Finance and the Brownlee O. Currey Jr. Dean's Faculty Fellow at Vanderbilt University’s Owen Graduate School of Management

Added 07/10/2023 at 04:19 PM
  • Witness Statement [PDF] Added 07/12/2023 at 12:11 PM
  • Witness Truth in Testimony [PDF] Added 07/12/2023 at 12:11 PM

Mr. Tim Doyle
Senior Policy Advisor, Bipartisan Policy Center

Added 07/10/2023 at 04:19 PM
  • Witness Statement [PDF] Added 07/12/2023 at 12:37 PM
  • Witness Truth in Testimony [PDF] Added 07/12/2023 at 04:05 PM

Mr. Jonathan Berry
Managing Partner, Boyden Gray PLLC

Added 07/10/2023 at 04:19 PM
  • Witness Statement [PDF] Added 07/12/2023 at 03:47 PM
  • Witness Truth in Testimony [PDF] Added 07/12/2023 at 03:47 PM

Ms. Nell Minow
Vice Chair, ValueEdge Advisors

Added 07/11/2023 at 01:53 PM
  • Witness Statement [PDF] Added 07/12/2023 at 12:08 PM
  • Witness Truth in Testimony [PDF] Added 07/12/2023 at 03:46 PM

Text of Legislation

  • H.R. ____, to authorize the exclusion of shareholder proposals from proxy or consent solicitation material if such proposals are substantially similar to previously included proposals [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to authorize the exclusion of shareholder proposals from proxy or consent solicitation material if such proposals substantially implement, substantially duplicate, or are substantially similar to previously included proposals [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to authorize the exclusion of shareholder proposals from proxy or consent solicitation material if the subject matter of the shareholder proposal is environmental, social, or political [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to clarify that an issuer may exclude a shareholder proposal pursuant to section 240.14a-8(i) of title 17, Code of Federal Regulations, without regard to whether such proposal relates to a significant social policy issue [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission from compelling the discussion of shareholder proposals or proxy or consent solicitation materials [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Securities Exchange Act of 1934 to provide for the registration of proxy advisory firms, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Securities Exchange Act of 1934 to provide for liability for certain failures to disclose material information in connection with proxy voting advice, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Securities Exchange Act of 1934 to provide for duties of certain investment advisors, asset managers, and pension funds with respect to voting on shareholder proposals, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Securities Exchange Act of 1934 to prohibit robovoting with respect to votes related to proxy or consent solicitation materials, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Investment Advisers Act of 1940 with respect to proxy voting of passively managed funds, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, the "Mandatory Materiality Requirement Act of 2022" [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to disclose and report on non-material disclosure mandates, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM
  • H.R. ____, to require the Securities and Exchange Commission to conduct a study of certain issues with respect to shareholder proposals, proxy advisory firms, and the proxy process, and for other purposes [PDF] Added 07/10/2023 at 04:19 PM

Support Documents

  • Notice [PDF]
  • Memorandum [PDF] Added 07/10/2023 at 04:19 PM

First Published: July 6, 2023 at 03:59 PM
Last Updated: July 12, 2023 at 04:18 PM