Victory for Proxy Access

November 04, 2009

Yesterday we wrote about a critical vote in the House of Representatives Financial Services Committee which pitted regular people and our pensions against the Chamber of Commerce and The Business Roundtable. AFSCME has been playing a leadership role in that effort, and thanks to all our hard work we won the vote this morning 39-30.

This is a big step forward in ensuring accountability for corporate directors through creating real democratic elections. The next step in the process is to have proxy access included in the Senate Financial reform legislation.