The Shareholder Forum

supporting investor access to decision-making information


The Shareholder ForumTM conducts programs to provide both investor and corporate participants with access to information needed for shareholder capital commitment and voting decisions. Functioning as an independent moderator according to tested policies that allow investors to participate anonymously and without acting in concert, the Forum provides a unique resource for those who can benefit from legitimate information advantages.

Initiated in 1999 by the New York Society of Security Analysts to address the professional interests of its members, and under independent management since 2001, Forum programs have achieved wide recognition for their effective definition of issues and orderly exchange of the information needed to resolve them. The Forum's ability to convene all key marketplace constituencies and influence leaders has been applied to issues ranging from corporate control contests to the establishment of consensus standards for fair disclosure, and has been relied upon by the decision-makers of virtually every major U.S. fund manager and the many other investors who have participated in programs that addressed their interests.

Whether responding to requests of investors or the corporate managers seeking their support, and whether addressing a company-specific choice or a broadly applicable marketplace practice, all Shareholder Forum programs are pragmatically focused on issues that are carefully defined for relevance to investor decisions. Requests for Forum consideration of an issue may be initiated confidentially
, and will be reviewed based on the issue’s importance to objectives of long-term wealth creation.


Current Programs



Investor Decisions

Public Interest

Marketplace  Decisions

Dell Inc.

special project of the public interest program for

Fair Investor Access


investor realization of intrinsic value

in a management buyout


Appraisal Rights Investments


Buyout Value Realization

The Forum is actively considering new projects addressing proposed buyouts in which investors may benefit from marketable appraisal rights investments for realization of the company's long term intrinsic value. Investors are invited to initiate confidential inquiries about possible attention to companies in which they have an interest.


Fair Investor Access

Establishing consensus marketplace standards

for improved investor access to

decision-making information


March 11, 2014 Forum Report

The Conference Board’s Task Force

Definition of Responsibilities

for Investor Access


October 14, 2013 Forum Report

Panel to Consider

Appraisal Rights Policies for

Long Term Investment

February 6, 2013 Forum Report

What Sources Should Investors Rely Upon?

December 21, 2012 Forum Report

Candidates for an Activist

“Golden Goose” Analysis


This program was initiated to address

corporate and investor interests reported in

the Forum’s 2010 “E-Meetings” program

that established consensus standards for

Electronic Participation in Shareholder Meetings.

See also related communication issues

addressed in the Forum's

2008 "Say on Pay" program

and in these reports of Forum surveys:

December 14, 2009

Investor Voting Criteria

for Compensation Issues


October 6, 2010

Investor Communication Priorities

for Voting Decisions




Archive of Publicly Open Programs

Since 1999




Inquiries, requests to be included in email distribution lists, and suggestions of new Forum subjects may be addressed to

Publicly open programs of the Shareholder Forum are conducted for free participation of all shareholders of a subject company and any fiduciaries or professionals concerned with their decisions, according to the Forum’s stated "Conditions of Participation." In all cases, each participant is expected to make independent use of information obtained through the Forum, and participation is considered private unless the party specifically authorizes identification.

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.

Shareholder Forum™ is a trademark owned by The Shareholder Forum, Inc., for the programs conducted since 1999 to support investor access to decision-making information. It should be noted that we have no responsibility for the services that Broadridge Financial Solutions, Inc., introduced for review in the Forum's 2010 "E-Meetings" program and has since been offering with the “Shareholder Forum” name, and we have asked Broadridge to use a different name that does not suggest our support or endorsement.