Forum Home Page see Broadridge note below]

The Shareholder Forumtm

Direct Accesstm

hosted by

CFA Society New York

For related issues, see programs for

Fair Investor Access



To download a printable copy of this report, click here.

Forum Report: CFA Society Direct Access Program

Archived Video of Direct Access with Oshkosh Corporation

Hosted by the CFA Society New York

An archived video of the November 10, 2020 direct access event with Oshkosh Corporation, hosted by the CFA Society New York,[1] is now available on the Forum’s website:


[To view this video online, click here]

The people at both Oshkosh and the Society who participated in this program deserve great praise for their commitment to developing a new way to provide an old form of information access that is essential to our investment marketplace.

The Forum invited Oshkosh to pioneer this direct access based on the professionalism of their investor relations team to guide our planning, as well as for the suitability of their company as an initial example that professional analysts could examine to understand how a business can be managed to generate sustainable returns on capital used to produce things that society needs. I hope that this event will now provide some recognition for the Oshkosh example of doing the right things the right way, and that this will add to the well-deserved pride that guides everything they do.

For the CFA Society, this investor access to the corporate managers who use our capital is exactly what the Society was founded for, and why it became the world’s most important association of investment professionals. The adaptation of this needed marketplace function to our current communication processes was the result of extraordinary efforts and admirable dedication of the Society’s staff, as well as Leo Schmidt and his fellow volunteer members of the Society’s Institutional Asset Management Group. I hope all of the Society’s members, and the whole marketplace, will appreciate their efforts as much as I do.

GL – November 12, 2020

Gary Lutin

Chairman, The Shareholder Forum



Direct Access events are organized by the Shareholder Forum to support the effective examination of investor interests in a subject company, according to the objectives defined in Forum's public interest  program for "Fair Investor Access" and the mission of the hosting CFA Society New York, which had co-founded the Forum to provide the required SEC-defined independent moderator functions for this purpose.

Communications for the planning of a Direct Access event are conducted according to the Forum's posted Conditions of Participation to provide both investor and corporate decision-makers with access to information and a free exchange of views relating to their interests. Each participant is expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants, and it is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries about Direct Access events may be addressed to

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. The Forum has no responsibility for services or communications of others using the “Shareholder Forum” name.