“Nell Minow, co-founder and chair of ValueEdge Advisors LLC, said the #SpaceX #IPO “extinguishes #shareholderrights entirely, all but eliminating the right to bring a lawsuit for failure to meet fiduciary standards, cutting off access to books and records.” www.bloomberg.com/news/article...

SpaceX Treated as ‘Simply Too ...

Musk’s SpaceX IPO Exposes the Billionaire Parasite Economy Threatening Workers

Musk’s SpaceX IPO could enrich insiders while workers’ retirement savings absorb the risk in another billionaire-controlled Wall Street scheme.

#401kRisk #billionaireEconomy #billionaireParasite #corporateGovernance #corporateGreed #corporatePower #dualClassShares #ElonMusk #Engineers #forcedArbitration #MuskTrillionaire #NASA #Oligarchy #pensionFunds #PoliticsDoneRight #publicScience #publicSubsidies #retirementSavings #SEC #shareholderRights #SpaceXIPO #SpaceXValuation #taxpayerFundedInnovation #Tesla #TexasCorporateLaw #WallStreet #wealthInequality #workers https://wp.me/p1OjMZ-oWi

Rule 14a-8; AlanPalmeter's proposal would entrench managers and weaken the only scalable tool most investors have to hold boards accountable https://www.corpgov.net/2026/02/rule-14a-8-a-failed-experiment-in-merit-regulation-still/ #NoActionProcess, #PoliticalSpending, #ProxyRules, #ProxySeason, #proxyvoting, #PublicPensions, #RaceToTheBottom, #Reincorporation, #RetailInvestors, #Rule14a8, #Rule14a9, #SecuritiesLaw, #ShareholderRights, #ShareholderVoice, #StateCompetition, #SystemicRisk, #UniversalOwners, #Accountability, #CorpGov, #ESG, #SEC, #stewardship

DoubleVerify sued for allegedly not verifying its own claims: Shareholder derivative lawsuit accuses DoubleVerify executives of misleading investors about AI capabilities, bot detection failures, and closed platform challenges during 2023-2025. https://ppc.land/doubleverify-sued-for-allegedly-not-verifying-its-own-claims/ #DoubleVerify #Lawsuit #ShareholderRights #InvestorRelations #AICapabilities

Shareholder Proposal Thresholds, although limited primarily to the rich, provide all investors a sense of agency in grounding capital markets. Take action: Submit Comments by Dec 3rd. https://lnkd.in/gGiH2u7u #shareholders #shareholderrights #shareholderproposals #investors #investorrights #corpgov #ESG #SEC #capitalmarkets #democracy

Reply from the CEO of BacTech Environmental

Well, that was fast. Only a few hours after I published my post about BacTech Environmental this morning, CEO Ross Orr sent this reply — drafted, he notes, by BacTech’s lawyer.

The requirement [when it comes to requesting an extension for holding an AGM] is that an application be made to the court of competent jurisdiction in order to have a waiver/extension of the meeting prior to the deadline. BacTech did not have the means to hold a meeting and neither of the means to pay for legal counsel to ask for an extension.

It is the reason why Resolution  #3 in under the heading “Past annual general/special meetings” exists (page 9 of the Circular). We also ask for the approval that will allow us to move forward with a court order to authorize the failure to respect the CBCA.

Essentially asks that the shareholders to forgive past sins [sic], and if deemed necessary, proceed to a court order, including:

3. The Shareholders, hereby approved, ratify and adopt all past acts of the board during 2021 2022 and 2023, notwithstanding the failure to hold an annual or special general meeting or hereby consent to an order of a court or such applicable security commission if necessary, outstanding any efficient deficiency of the corporation and compliance with Part XII (shareholders meetings), Part XIII (proxy solicitation) and Part XIV (financial disclosure) of the Canada Business Corporations Act for the financial years end of 2021, 2022 and 2023.

While there are technical flaws in this approach, it is an approach which allows clearing them up without the additional cost for legal fees (prior to the meeting), and asking a court to clarify this. The fact that, as a reporting issuer, BacTech has continued to respect its obligations for continuous disclosure, including the filing of financial statements would, in our view, allow a court to proceed with such an order upon our application.

So, the company did not ask the Court for an extension for calling an annual meeting for the same reason it did not hold an annual general meeting: “cost.”

I can appreciate the need to keep the purse strings tight. This is a relatively small company, with a market cap of less than $10 million CAD, trying to do some technically very difficult projects. Still, I wonder if what prevented the company from holding an AGM was not lack of resources so much as lack of resourcefulness — or maybe disordered priorities. I like to think that a company can be both scrappy and responsibly governed.

While I can’t set aside all my initial concerns, I am impressed by the promptness of the reply and its elements of candor (e.g., “past sins,” “technical flaws”). Now to sit down again with the management circular and ballot, and reconsider.

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#BAC #compliance #corpgov #corporateGovernance #investing #shareholderCommunications #shareholderRights

#Intel warned of potential #adversereactions from #investors, #employees, and #customers due to the #Trump administration’s 10% stake in the company. The deal, funded by CHIPS Act funds, could impact #internationalsales and #shareholderrights, with 76% of Intel’s revenue coming from outside the US. https://www.cnbc.com/2025/08/25/intel-trump-deal-risks-stock.html?eicker.news #tech #media #news

Today is the last day to comment to the SEC to protect annual meeting rights. https://www.corpgov.net/2025/07/save-annual-meetings/ The SEC is considering a rule that would allow closed-end funds to skip their annual shareholder meetings. Publicly traded corporations are next. #corpgov #ShareholderRights

Step in the right direction giving Vanguard, State Street & BlacckRock ETF investors some voice.
What abt Canadian fund managers? https://www.nytimes.com/2024/02/23/business/vanguard-blackrock-state-street-investing-voting.html?smid=url-share
#investing #governance #ETFs #shareholderrights #Vanguard #StateStreet #BlackRock $BMO $RY

Why Exxon Is Suing Its Shareholders
#Exxon #CCN #CoveringClimateNow #ExxonLawsuit #Shareholder #ClimateAction #FossilFuelDilemma #ShareholderRights
https://the-14.com/why-exxon-is-suing-its-shareholders/