“THE PASS-THROUGH REVOLUTION: Retail Shareholders Take Center Stage” from Gladstone Place Partners recounts recent developments, including the expansion of institutional investor voting choice (aka, pass-through voting) programs and the SEC’s greenlighting of Exxon Mobil’s retail voting program, that are elevating the importance of retail investors to companies’ shareholder communications and engagement programs. The instructive memo outlines and provides examples of leading practices and considerations for companies looking to effectively respond to these trends.