Authors Posts by Timothy M. Doyle

Timothy M. Doyle

Timothy M. Doyle
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Timothy M. Doyle is Vice President of Policy and General Counsel at the American Council for Capital Formation. Tim has a diverse policy and legal background in multiple areas including energy, environment, financial services and regulatory issues.

SEC Staff Roundtable on the Proxy Process

Mr. Brent J. Fields Secretary U.S. Securities and Exchange Commission Re: File Number 4-725; SEC Staff Roundtable on the Proxy Process Dear Mr. Fields: The American Council for...

ACCF Applauds SEC Call for Roundtable on the Proxy Process

“The SEC’s rules governing the proxy process are at the center of investor participation in the corporate governance of public companies. The decision to hold a roundtable to gather stakeholder input is an strong signal that the commission is serious about ensuring the concerns of investors are appropriately represented,” said Tim Doyle, General Counsel and Vice President of Policy at the American Council for Capital Formation.

SEC Decision Begins Process of Reforming Corporate Governance

The Securities and Exchange Commission (SEC) should be commended for its decision last week to rescind two previously issued guidance letters that had allowed third-party firms known as “proxy advisors” to wield undue influence over the shareholder proposal process.

The Big Problem With ‘Environmental, Social And Governance’ Investment Ratings? They’re Subjective

Corporate performance on environmental, social, and governance (ESG) issues have become increasingly significant in how investors evaluate a company. Investors and money managers rely...

Ratings That Don’t Rate: The Subjective World of ESG Ratings Agencies

EXECUTIVE SUMMARY As the trend of Environmental, Social, and Governance (“ESG”)1 investing has risen, so too has the influence and relative importance of ESG rating...

Time to Regulate Proxy Advisory Firms

In the world of corporate governance, proxy advisory firms like ISS (Institutional Shareholder Services) and Glass Lewis have become increasingly important. Their role advising...

New Report: Proxy Advisory Firms Operate with Unchecked Power

A new ACCF report finds that proxy advisory firms are currently operating with minimal oversight, making recommendations that materially impact public companies’ proxy outcomes, operations and disclosure requirements.

As Investment Funds Politicize, Department of Labor Stops What’s Anti-Investor

While the market from ESG related information and investment strategies has grown in the last few years, investing via these factors, without a show of “substantial increase in economic value of the company,” should be a decision that investors make after careful consideration of the effect on their investment.

EPA Leads the Way on Permitting Reform

The mere act of reevaluating a permitting process intended to protect the environment is not, in itself, pretext for allowing manufactures to pollute more. Environmental regulations, like all regulations, need to be evaluated with respect to their mandated purpose.

BlackRock mustn’t mimic underperforming NYC pension funds

Earlier this year, Blackrock CEO Larry Fink released his annual letter to CEOs, in which he called for a greater focus on "societal impacts"...

One forgotten agency can curb alarming growth of regulation

The alarming growth of federal guidelines, directives and rules are outpacing the ability to effectively oversee their impact. Congress should empower OIRA to meet the challenge.

New York’s Pensions Should Focus On Financial Returns — Not Politics

Published in Investors' Business Daily

The recent push by New York City Mayor Bill de Blasio and Comptroller Scott Stringer to divest the city's pensions from fossil fuels is playing politics with retiree savings at a time when they can least afford it.

We can’t ‘reclaim our building heritage’ without cutting red tape

Published in The Hill

Overly burdensome red tape should never be a major factor in determining a project’s successful beginning.

Politics Over Performance: New York City Pension Funds

Bad Apple: New ACCF Report finds New York City’s public pension fund system in bad shape and getting worse

Regulatory Improvements to Ensure Process Certainty: Ten Impactful Ideas

This paper is a result of a November 16, 2016 bipartisan roundtable discussion identifying ten specific issues and beginning the dialogue on finding solutions.

CalPERS and the Point of No Returns

New Report Analyzes How Politically Motivated Investments are Sinking the Nation’s Largest Public Pension Fund, Leaving U.S. Taxpayers Accountable for Losses