SECIAC meetings: videos & minutes

The SEC Investor Advisory Committee web page has links to videos and minutes of our meetings (+ other info). Videos for the 2009-07-27 meeting and the 2009-10-05 meeting have been posted. Minutes for 2009-07-27 are posted, but not for 2009-10-05 yet.

If you’d like to see where on each video I spoke up, here are the times and summaries of what I said:

2009-07-27 video 1 (morning):

0:35:25 I introduced myself — my background and some views on investor education.

1:52:34 I suggested consideration of an investor education pilot program using a competitive voting system to allocate public funds.

2009-07-27 video 2 (afternoon):

0:15:00 I agreed with Mr. Salisbury that our advice should take into account other existing and proposed investor education initiatives.

0:41:12 I described new tools for individual investors to vote by copying the votes of institutional investors, being developed by ProxyDemocracy, a non-profit group at which I serve as a director. I noted that newcomer MoxyVote plans to offer something similar.

0:57:45 I suggested that shareowner resolutions relating to auditor selection should not be deemed ‘ordinary business’ and thus excludable from the proxy. I noted a parallel with director elections, which are now being considered fair game for shareowner involvement.

2009-10-05 video 1 (morning):

2:52:40 I suggested that our ability to submit both majority and minority views as advice to the SEC makes the proposed recusal policy less necessary.

SECIAC Members, Subcommittees & Constituencies

Here is a list of the SEC Investor Advisory Committee members, our subcommittee assignments, affiliations, and constituencies that (according to SEC staff) we represent:

		Subcommittees
FirstName	LastName	Education	Purchaser	Owner	Title	Organization	Representing
Jeff	Brown	1	1	1	Senior VP, Office of Legislative & Regulatory Affairs	The Charles Schwab Corporation	From a regulatory and customer-service perspective, providers of tools to retail investors who elect to make their own investment decisions
Mercer	Bullard		Chair		Founder	Fund Democracy	Individual mutual fund investors
Hye-Won	Choi			1	Senior VP & Head of Corp. Governance	TIAA-CREF	Those involved in retirement planning for investors who work in academic, medical, cultural and research institutions
Stephen	Davis			Chair	Executive Director, Millstein Center for Corporate Governance	Yale University School of Management	International institutional investors
Abe	Friedman			1	Global Head of Corporate Governance & Responsible Investment	BlackRock	Very large global institutional investors
Mac	Hisey		1		President	AARP Financial Inc.	Senior investors
Mellody	Hobson	1			President	Ariel Investments	Smaller, as well as minority-owned, institutional investors
Fred J.	Joseph	1	1		Colorado Securities Commissioner & Acting State Bank Commissioner	Colorado Department of Regulatory Agencies	State securities regulators
Adam	Kanzer			1	Managing Director & General Counsel	Domini Social Investments	Social investors
Mark	Latham			1	Founder	VoterMedia.org	Individual investors, particularly with respect to their role in corporate governance
Barbara	Roper		1		Director, Investor Protection	Consumer Federation of America	Individual investors, with a particular focus on investor protection
Dallas	Salisbury	Chair	1		President and CEO	Employee Benefit Research Institute	Individual investors, especially with respect to employee retirement issues
Kurt	Schacht		1		Managing Director	CFA Institute	Investment professionals
Damon	Silvers			1	Associate General Counsel	AFL-CIO	Institutional labor investors
Kurt P.	Stocker	1		1	Member of the Board	NYSE	Individual investors
Ann	Yerger			1	Executive Director	Council of Institutional Investors	Pension funds and those who depend upon them
Total #:	16	5	7	9