Re opposition to John Harrington’s proxy access proposal at Bank of America ($BAC), based on language that I helped develop. For background, see Bank of America (BAC) Faces Proxy Access on May 8th. I hope opponents will reconsider. From one analysis recommending a vote against:
While this amount ($660 million) is significant in absolute terms, shareholders may have divergent views on whether it constitutes a meaningful ownership interest for the purpose of nominating board candidates. Historical voting results show little investor support for proposed access rights with low ownership thresholds, particularly when such thresholds fall well below the 3 percent threshold adopted by the SEC in its now-vacated proxy access rule. (my emphasis and addition of the $660M figure) Continue Reading →
, published by Oxford University Press in February 2013. He sets out how the corporation is failing us, why it is happening now, what are the consequences, and how we can re-establish the corporation as an institution that we value and trust. 
) Participate to ensure accountability! Research fund votes: 
