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Any adult can act as a proxy
as part of the Investor Suffrage Movement's
proxy
transfer trials. As a proxy, you can attend and vote
at a shareholder meeting. You may also perform other
tasks, such as submitting a shareholder proposal and
shepherding it to a vote at a shareholder meeting.
We ask that individuals who have never served as a proxy
before start out by representing a shareholder at an
annual meeting before taking on more
substantive proxy assignments. This webpage described
how to volunteer for and perform that first proxy
assignment.
To get started, we first need to
match you with a shareholder whom you can represent
as a proxy. Maybe you know someone who owns shares
and would be interested in conducting a proxy trial
for us. If not, open the following webpage listing
various opportunities to represent participating
shareholders as
a proxy.
proxy_trials_master.xls
The file lists opportunities with
the date and location of various corporation's
shareholder meetings. You want to look for one that
is coming up soon and that you can conveniently
travel to. If the shareholder wants a proxy to
perform a specific task, such as voting in a certain
way or reading a statement at the shareholder
meeting, this is also indicated. The shareholder
will provide details.
Once you find an opportunity that
interests you,
e-mail Glyn Holton to apply. He will
forward your name to the shareholder, who should get
in touch with you. The shareholder doesn't have to
assign you the proxy, so take time to communicate
your intention to do a good job and to perform any
specific tasks she requires.
Once you and the shareholder are
both happy with the relationship, the shareholder
will work to assign you the proxy. This may take
some time, and it may actually fail. The proxy
process is in such disrepair that individual
failures should surprise no one. Don't worry if it
happens. The shareholder can report the details of
the failure to us, and you can apply for another
proxy assignment.
When (if) the proxy assignment is
successful,
e-mail Glyn to let him know. The
information is usually listed on the first page of
the proxy materials. Go to the investor relations
section of the corporation's website and you will
probably find the proxy materials available for
download. If not, call the corporation's investor
relations department and ask them.
Take leaflets describing the
Investor Suffrage Movement with you to the
shareholder meeting. You can download and print
these yourself (choose
letter or
A4 size), or you can
e-mail Glyn and ask him to mail you some.
Dress well for the shareholder
meeting but casually. A sport coat and loafers is preferable to a business suit.
You want to look like a concerned citizen—not
an MBA representing a financial institution.
Arrive for the meeting at least a
half hour early. Bring a drivers license or other
form of identification as well as any documentation
of your proxy assignment the corporation may
require.
While you are waiting for the
meeting to begin, act as an ambassador promoting
good shareholder meetings. People tend to ignore
each other waiting for the meeting to begin. This is
understandable. They don't know each other, and
corporations tend to create a somewhat intimidating
air at these meetings, with arbitrary rules and
onerous security checks. Obey the rules and
put up with the security, but don't let them faze
you. Shareholder meetings are supposed to be an
opportunity for shareholders to deliberate—that
means meeting and talking to one another. So meet
people.
Walk up to the nearest stranger,
introduce yourself, and ask what brings him to the
shareholder meeting. If he seems inclined to talk,
tell him about the Investor Suffrage Movement and
give him a leaflet. After a few moments, move on and
talk to someone else. In this way, you can promote
the movement and distribute a few leaflets. The
corporation may prohibit you from handing out
leaflets
en-mass, but there is every reason you can hand out
a few in this manner.
When the meeting starts, take a
seat, preferably near the front of the room. If your
shareholder gave you instructions on what to do
during the meeting (say, how to vote the shares) you
must follow these. Otherwise, you can conduct
yourself as you feel appropriate. Continue to act as
an ambassador promoting good shareholder meetings.
If you want to ask a question or
make a statement, raise your hand and wait to be
acknowledged by the chair. When that happens, stand
up and someone will come and hold a microphone for
you. Clearly state your name and the fact that you
are affiliated with the Investor Suffrage Movement
(e.g. "My name is John Smith. I am with the "Investor Suffrage Movement.") If you are asked what
the Investor Suffrage Movement is, reply "We are an
organization that promotes shareholder participation
in corporate democracy. I have fliers, if anyone
would like one following the meeting, or you can
check out our website." Then ask your question or
make your statement. Be brief, polite and
professional. If you convey a positive, professional
image, people are likely to approach you after the
meeting, which will afford another opportunity to
distribute fliers.
After the meeting, your last step is to report back to
us. Do this as soon as possible, while your memory
is fresh. Send Glyn an
e-mail.
Describe events leading up to the meeting,
especially any interactions with the corporation's
investor relations department. Describe what
documentation of your proxy assignment the
corporation required. Let us know how the meeting
went. Did the corporation run the meeting in ways
you feel were inappropriate? Let us know and we can
pursue change through a shareholder proposal. Did
you learn any lessons that we should share with
other proxies? Is there anything you would add to or
change about the instructions on this page?
Send the e-mail, and you are done.
For your next proxy assignment, maybe you would like
to submit a shareholder proposal.
Report your results.

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