Saturday, March 06, 2010 10:49:54 AM
It is interesting that one group would be able to consolidate proxy voting in line with a consensus initiative. I would suggest that this possibility be reviewed for this board's approach in collectively voting individually-owned shares. There is still time to do this.
re:
In addition to ProxyDemocracy.org, there are also sites like Shareowners.org. None has gone as far as Moxy Vote, a Web site that was started in November and aims to educate investors and simplify the voting process.
It allows investors to view advocates’ positions — 30 activists currently participate — to see where they stand on the issues. Investors can have their proxies delivered to Moxy Vote and then vote directly from the site. They can also automate the process so that, say, they always vote in line with their favorite advocate.
“We are trying to do something that has been never been done before, and that is to rally the retail vote,” said Doug Gates, vice president of marketing at Moxy Vote. “We want to bring some illumination to that process and empower small shareholders to effect change.”
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