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EXCLUSIVE: Two -tenths State Financial Officers Today he sent a letter to the US Securities (SEC) Securities Commission, property managers, proxy advisers and public companies, sounding an alarm about the financial risk of Political agenda prioritylike Dei, through financial yields.
In a letter 24 civilian financial clerk Mark the risk of dei The destruction of shareholders’ values and warn of potential feedback and consumer boycott, reduced productivity and increased costs of litigation when the political plan enters the financial institutions.
“Property leaders and counselors for intermediaries should not prioritize a political program over financial yields by supporting proposals and/or voting against the Director of PRO-Dei who do not support such proposals,” the letter said.
Officers highlight the steps that sec has taken under the president Donald TrumpAdministration to prevent activists from pushing a political plan in corporate councils. The letter advises the companies on how to push themselves through the sec without action and following the judgment of the court to block the proposals of activists.
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Twenty -four civilian financial officials sent a letter to the US Securities Commission, property managers, proxy advisers and public companies, sounding alarm about the financial risk of priority Dei over financial yields. (East)
“Recent SEC guidelines that guide the assets pushed by Dei and other ESG policies on companies to submit a more popular 13D schedule is a positive first step, but implementation must follow. The impact on the Dei corporate policy is not in accordance with the role of passive investor and should launch a request for submission of requests.”
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The 13D schedule is the SEC application request when someone earns a significant share in a public company. The officials in the letter claim that the applicants should be required by 13D schedule for property managers that affect corporate Dei policy.
“As state financial officials, we have a duty to protect taxpayers’ funds and retirement savings of state employees. Property leaders and Proxy advisers should oppose the proposals that forcing companies to maintain or return illegal dei practice that disrupts the value of shareholders,” states civil financial officials in the letter.
Financial officials require property managers and proxy advisers who manage money for investors and help them decide how to vote at the shareholder meetings oppose “illegal dei” and prioritize the values of shareholders and financial yields.
“Property managers and proxy advisers who continue to prioritize political programs, such as Dei, during the financial effect, neglect their fiduciary responsibilities. As civil financial officials, we have a duty to act in the best financial interests of the pension and pension user. Organization we ask for the facility,” the last role models in Pollet Financial officials to describe the letter, according to a Fox News Digital statement.
President Donald Trump has established caring policies to eradicate Dei throughout the Federal Government since he assumed his position. (AP / Alex Brandon / Associated Press)
“President Trump made it clear that the involvement of Dei’s company policies should stop, but activist investors, property managers and powerful advisers continue to prioritize the political agenda on financial yields. Using their impact on corporate committees, organizations such as Glass Legs and ISS, which were injected, which were in the inertiah Foundation (SFOF), for Fox News Digital.
Despite the fact that Trump rejected the policies of corporate Dei, Oleka said that activists continue to “prioritize a political program over financial yields” that “can impair the value of shareholders”.
Oleka and 24 civilian financial officials from all over the country are advocated by “a common policy of measurement of shareholders’ contributions as the primary metric of success.”
Blackkck logo outside of its New York offices. (Reuters/Brendan McDermid/File Photo/Reuters Photos)
“Under Trump’s administration, we have seen that SEC takes steps to fight radical ideology in corporations by publishing new guidelines that these activists consider those activists responsible for the wrong attempt to influence companies and corporate committees on the priority of the left -wing political agenda, instead of focusing on fiduciary duty and continuing in the country, our country Our countries, our countries, our countries, our countries, our countries, our countries, our countries, our Metric countries for success, “Oleka told Fox News Digital.
Signators of letters include civil financial officials from Alabama, Alaska, Arizona, Indiana, Iowa, Kansas, Kentucky, Louisiane, Mississippi, Missouri, Nebraska, North Carolina, North Dakota, Oklahoma, Pennsylvania, South Karolina.
Companies, property managers and Proxy receiving advisers include SEC, Blackck, Capital Group, Fidelity, Franklin Resources, State Street, T. Rowe Price, Vanguard, Glass Lewis, Accenture, Amazon, Boeing, Brown-Form, Caterpillar, Deere, Ford Nissan, Pepsico, Stanley Black & Decker, Target, Toyota, Tractor Supply and Walmart.
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SEC spokesman Refused Fox News Digital for comment.
