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?

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.

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?

Sign the petition: Tell the SEC to stop the anti-shareholder proposal rule!

Thanks for taking action,

Tihi and the team at Demand Progress

 

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

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