With the 2011 season upon us we're noting lots of articles about increased shareholder activism. The recent SEC ruling allowing shareholders to vote on executive compensation (say on pay) may open doors for shareholders to weigh in on other kinds of proposals, like board diversity.
Online proxy voting services are making it easier for retail investors to vote their proxies. One service, Moxy Vote, allows investors to align their votes with advocacy groups they trust. Starting this month, 2020 Women on Boards joins the ranks of Moxy Vote Advisors, endorsing resolutions that encourage board diversity and slates that include women director candidates.
In the last week alone, we’ve endorsed the slates of 13 companies that have included women on the slate, including Capital Federal Financial, Warner Music Group, Novartis, and The Walt Disney Company (see the full list here).
Even if you don’t use the site to vote your proxies, Moxy Vote is a great way to monitor corporate resolutions and to follow initiatives you care about. Find an advocate that aligns with your interests and see what resolutions they support. It's like Facebook for shareholders. How cool is that?