CIG Submits Comments on Universal Proxy Cards

The Church Investment Group has submitted comments to the Securities and Exchange Commission supporting the proposal to amend proxy rules. Specifically, CIG supports the Commission’s proposal to eliminate the requirement to obtain a nominee’s consent to be named on a proxy card in contested elections and allow shareholders to vote for their preferred combination of shareholder and management nominees on a single proxy card, thereby ensuring that investors voting by proxy have the same practical ability to vote their shares for their preferred mix of nominees that they would have if they attend a shareholder meeting in person.

It is CIG’s belief that such reform will ensure a less confusing, less cumbersome and more equitable voting process.

CIG’s full comment to the SEC may be downloaded below.