Shareholder Activism, Yes You Can

February 17, 2010 at 5:19 pm | Posted in Shareholder Advocacy | Leave a comment

By Dale Wannen,

Ever want to just yell, while reading about overpaid CEOs?  Ever wish that you could ask the board members at Monsanto if they eat genetically modified corn?  Ever want to just stare Larry Ellison in the eye and ask him how much his sailboat costs shareholders?  Well, you can. Shareholder activism is the broad term used for ways to advocate for change within a corporation.

To take that a step further, any stock owner who meets the criteria ($2,000 worth of stock held for a minimum of one year) is able to file something called a shareholder resolution. Shareholder resolutions are simply proposals put forward by the shareholders to raise public awareness of issues and hopefully change egregious corporate behaviors.  Granted, most proposals are pushed into the paper shredder by corporations and/or rejected by the SEC. However, if your resolution is placed on the proxy ballot, you will be given a period of time to discuss your proposed resolution and supporting statements at the annual shareholder meeting and, more importantly, voice your issue to millions of shareholders through the proxy. Still, the question remains “is it making a difference?”

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