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The Financial CHOICE Act and Shareholder Engagement

June 15, 2017

Authors

Steven Poplawski

The Financial CHOICE Act and Shareholder Engagement

June 15, 2017

by: Steven Poplawski

The Financial CHOICE Act introduced in the House this spring has largely garnered attention because of its rollback of Dodd-Frank, but the bill would also significantly change the rules governing shareholder resolutions for public companies. Currently, the restrictions are relatively modest, requiring that investors have at least $2,000 in stock or one percent of the stock at a company in order to be eligible to file resolutions. In contrast, the CHOICE Act would limit eligibility for proposing shareholder resolutions to investors that have held at least one percent of the company’s stock for a minimum of three years. This change would drastically limit who can file resolutions, given that one percent of the shares of larger companies could translate to millions or billions of dollars.

The timing of the proposed change potentially

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Order in the Meeting: Dealing with Difficult Shareholder Meetings

April 27, 2017

Authors

Robert Klingler

Order in the Meeting: Dealing with Difficult Shareholder Meetings

April 27, 2017

by: Robert Klingler

the-bank-accountOn our twentieth(!) podcast episode of The Bank Account, Jonathan and I take the opportunity to discuss tips for how to approach challenging shareholders or circumstances at your annual meetings.

Unfortunately, Jonathan had a brain freeze during recording, and forgot to use his favorite Mike Tyson quotation, “Everyone has a plan ’till they get punched in the mouth.”  That said, planning ahead for disruptive shareholders is almost always worthwhile.

Providing a written agenda and set of governing rules to attendees can further help establish and maintain order, but it often comes back to simply ensuring that the disgruntled shareholder is provided an opportunity to be heard.

We’re also thrilled to announce that we’ve updated our recording microphones.  While our

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