Response to SEC Proposal on Proxy Voting Advice
May 22, 2020
On May 22, MFA submitted a letter to the SEC in response to its proposal on proxy voting advice. The letter is in response to recent statements that the Commission may consider as part of a final rulemaking alternative approaches including a contemporaneous review period of proxy voting advice by companies, and a speed bump, that is, a period during which a proxy advisory firm would need to disable any automatic submission features for clients. In the letter, we encourage the SEC to consider seeking additional feedback on these alternatives, which could potentially benefit both the SEC and market participants.