Chives

WhyDRS Shareholder Proposals Guide

This is far too many characters above Lemmy's post limit - so please check out this resource on WhyDRS.org! Would be glad to talk in more detail in the comments. Let's work with our companies and make them better!

Advocacy and Corporate Governance: An Overview

Corporations constantly make decisions about operating procedures, corporate compensation, environmental policies, and much more. As a registered shareholder, you have a legally protected avenue and platform to communicate directly with boards of directors. Your proposal can open a conversation about an issue which matters to you.

Publicly traded U.S. securities are run by an elected board of directors, which have a fiduciary duty to make decisions and propose plans which benefit investors. The company has distributed ownership among investors, including beneficial shareholders maintaining an account with a Broker, and directly registered shareholders which hold shares in their name on the issuer’s ledger with the Transfer Agent.

1. GME should work with Computershare so they (CS) can serve as a custodian for IRA’s. Ally and Mainstar have both walked back their support for DRSing IRAs. Computershare acting as a custodian as part of their contract with GameStop should allow for a cleaner solution.

2. Revise the contract w/ Computershare w/ respect to their DirectStock plan, and provide more transparency to investors about both the ownership hierarchy of shares in the plan and the degree to which DirectStock shares are utilized for 'operational efficiency' - often 10 to 20%

3. Issue a bulk of shares available for direct purchase by investors, similar to Home Depot's Depot Direct. This would allow for GameStop to sell shares directly to investors, and would allow purchases to be "Pure DRS" without further steps or actions.

Edit - Adding in 4, 5, and 6 from my comments on this post.

4. request that GameStop insiders (or at least board members) must hold their shares in Pure DRS, especially for vested shares that cannot be sold for a while.

5. GameStop should consider becoming their own transfer agent when their contract with Computershare is up for renewal.

6. Introduce pro reward incentives, like additional percentage off, for verified stockholders on their ledger.