ABSTRACT

Owners of stock are permitted to present proposals to be voted on, provided they follow the proper notification procedures for the company, so it is not unusual to see shareholder proposals on the proxy that artist receive. These proposals can vary widely in nature, such as disclosing the company's political contributions history, adopting equal-opportunity employment procedures, investing profits in ecologically green measures for the company, and not allowing a corporation to have one person who is both the president and the chairman of the board. The club also held stock in a company that made headlines one year for engaging in some politically sensitive actions. Companies do have concerns over what their shareholders think even those with small share amounts and don't want any publicity that would indicate that management was having issues with the stock owners. While the large institutional holders tend to have the most input, never underestimate the fact that artist opinions and votes still matter to the company.