Securities and Exchange Commission
December 5, 2013

SEC Roundtable on Proxy Advisory Services - December 5, 2013

On December 5, 2013, the Securities and Exchange Commission (SEC) held a Roundtable to discuss the role of proxy advisory firms.  This topic was discussed in the SEC's 2010 Concept Release on the U.S. Proxy System.  Among other issues, the Concept Release requested public comments on proxy advisory firm services; potential conflicts of interest that may exist for proxy advisory firms and users of their services; and the transparency and accuracy of recommendations by proxy advisory firms.

The agenda for the Roundtable can be accessed here: http://www.sec.gov/spotlight/proxy-advisory-services/proxy-advisory-services-agenda.shtml

 A list of participants, including two representatives of the Shareholder Communications Coalition, can be accessed here: http://www.sec.gov/spotlight/proxy-advisory-services/proxy-advisory-services-participants.shtml

 A transcript of the Roundtable can be accessed via this link: http://www.sec.gov/spotlight/proxy-advisory-services/proxy-advisory-services-transcript.txt

The SEC's webcast archive of the Roundtable can be accessed here: http://www.sec.gov/news/otherwebcasts/2013/proxy-advisory-services-roundtable-120513.shtml

The Coalition submitted a comment letter in connection with this Roundtable.  This document can be obtained below.