The Manhattan Institute for Policy Research’s Center for Legal Policy, a conservative, market-orientated think tank, launched a new proxy monitoring resource earlier this week: ProxyMonitor.org. A searchable database of shareholder proposals submitted to the 100 largest U.S. companies over the past three years. You can sort through the data by company, industry, proponent and proposal type.
Even though the data set is a bit limited at this point (the Center intends to expand it over time), the site is straightforward and aggregates some pretty useful proxy information, providing quick insight into shareholder proposal tends, plus it allows you to easily dig deeper. For example, in three mouse clicks you can see that there were 32 shareholder proposals on executive compensation submitted to companies in the health care industry between 2008 and 2010:
The table columns are sortable, you can export the data into a spreadsheet, which I think is a wonderful and often overlooked option, and there’s a link to take you straight to the company filing or you can just print the proposal:
ProxyMonitor definitely makes for a useful resource for anyone interested in shareholder proposals, and will become more so over time as data is added, especially if the Securities and Exchange Commission prevails in its current battle for proxy access.