Friend, 

Tomorrow -- January 3 -- is the deadline the federal Securities and
Exchange Commission has imposed to submit official public comments to stop
them from adopting new rules giving corporate CEOs huge new powers
to silence shareholders' ability to hold CEOs accountable.

They want to protect already-powerful corporations from facing the
consequences of their actions. Our email below has more detail on this
critical issue.

The big CEOs and their allies at the SEC are hoping you aren't paying
attention because it's the holidays. I'm betting you are paying attention
-- and won't let them get away with it. Time is literally running out. Can
you take a moment and help fight back?

[ [link removed] ]Add your name and tell the SEC: Don't let CEOs silence their own
shareholders!

I appreciate it very much.

-Robert, Campaign Director at Demand Progress

---------- Forwarded message ----------
From: "Stop Greedy CEOs" <[email protected]>
Date: Mon, Dec 6, 2019 at 10:35 AM
Subject: Sign the petition: Don’t make it harder to hold CEOs accountable!

Hi,

Wall Street and wealthy CEOs want to silence corporate accountability
efforts -- and Donald Trump's SEC is about to help make it happen.

The SEC is proposing a dangerous rule change that would silence
shareholders and help inoculate powerful Wall Street companies and wealthy
CEOs to pressure from their own investors.

Shareholder resolutions have been used for decades to ensure better
corporate governance — and to advance important causes like gay rights,
gender and racial equity, and environmentalism. Now the SEC is proposing
to make these virtually impossible. And time is running out to stop them.

[ [link removed] ]Add your name and tell the SEC: Stop the anti-shareholder proposal
rule!

Shareholder resolutions are a key method to hold CEOs and their companies
accountable. For example, employees recently used their company-issue
stock to pressure Amazon to reduce itscontribution to climate change.

A recent, much-lauded statement issued by major CEOs through the Business
Roundtable implies support for that important work.^1 But now CEOs are
pushing the SEC to insulate them from accountability.

The SEC’s proposed rule would make it harder to file shareholder petitions
by increasing the ownership stake needed in order to do so. It would also
increase the percentage of support a petition would need to garner from
shareholders in order to stay alive.

Time is running out, unfortunately -- the deadline to respond to the SEC
is January 3, and that's coming up fast. Can you help fight back against
CEOs and Wall Street?

[ [link removed] ]Sign the petition: Tell the SEC to stop the anti-shareholder proposal
rule!

Thanks for taking action,

Tihi and the team at Demand Progress

 

[ [link removed] ]DONATE

Source:
1. Business Roundtable, "Business Roundtable Redefines the Purpose of a
Corporation to Promote 'An Economy That Serves All Americans'," [ [link removed] ]August
19, 2019.
----------

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