The Securities and Exchange Commission has already heard from CalSTRS on an important corporate democracy issue. Now it’s your turn.

The SEC needs to hear from California’s educators, the individual shareholders of the CalSTRS investment portfolio. If you’re interested in making a difference in restoring investor confidence in the financial markets, here’s your chance. For your convenience, we’ve given a suggested message and e-mail submission instructions below.

The SEC wants public comments by June 13 for its upcoming proxy rules review. The SEC study will ultimately lead to a process that will permit shareholder-nominated candidates for the board of directors to appear in the corporate proxy statement and as a ballot choice on the corporate proxy card. This will break down the barriers to the board room for the average, individual shareholder.

Suggested Message Text
Please note that volume is more important than content or style. Therefore, your message need only be long enough to show your support of the review of the proxy rules.

“I support SEC Chairman Donaldson’s recently announced decision to conduct a comprehensive review of the proxy rules under Section 14 of the SEC Act of 1934, which governs shareholder access to the proxy statement and ballot. I believe improving this access will go a long way toward restoring the confidence of all investors in the capital markets.”

E-mail Instructions
It is important that your subject line read: Re: S7-10-03
You can copy and paste the above text into your own e-mail window and send it to: rule-comments@sec.gov.

If you have a problem with the SEC’s receipt of your e-mail, forward your e-mail to the SEC webmaster at pittr@sec.gov and ask it be forwarded to the file for S7-10-03.

To view your e-mail and others on this issue, visit the SEC Web site at www.sec.gov.

CalSTRS Letter of Support
Click here for the CalSTRS letter to the SEC supporting its review of the proxy rules. For additional information, click here for the CalSTRS news release on the letter.