Questions,
answered.

Issuer Voluntary Retail Voting Program, the term in Tesla’s September 2026 framework request. Earlier sources use Retail Voting Program, Voluntary Retail Voting Program, Voting Instruction Program and Standing Voting Instructions.

It is commonly used as shorthand in conversation and search. IVRVP is the fuller formal acronym.

No. The documented frameworks require affirmative enrollment. Silence is not treated as an instruction.

No. It concerns how eligible shares are voted, not their economic ownership.

The Tesla model permits board-aligned voting on all matters, or all matters except contested director elections and specified acquisition, merger or divestiture transactions.

Yes. A later vote using the meeting’s proxy materials overrides the standing instruction for the relevant matter.

No. A meeting-specific override and cancellation for future meetings are separate actions.

Cancellation applies to future meetings. If the proxy has already been filed, a meeting-specific vote may be needed to override an instruction already submitted.

Yes. Continued distribution of definitive materials is a core representation in the SEC letters.

They identify enrollment status, the selected instruction and the participant’s rights to override or cancel.

Not through rulemaking. SEC staff said it would not recommend enforcement under specified rules if programs operate as represented.

The response says the position applies to issuers operating in the same manner. Different facts can require a different conclusion.

Critics argue that a persistent management-aligned default strengthens incumbents. Issuers emphasize affirmative consent, continued disclosure, override and exit.

A proposal seeking independent options received 23.5% support among votes cast for or against in May 2026.

Validity and duration depend partly on the issuer’s incorporation law. Federal no-action letters do not independently resolve that question.

Eligibility differs by framework. Exxon excluded registered advisers exercising client voting authority; Tesla’s broader framework contemplates additional eligible populations.

It provides shareholder communications and vote-processing infrastructure and markets a Standing Voting Instructions service.

A contemplated centralized interface where investors could manage standing instructions across participating issuers.

No. It is fund-level pass-through voting choice. It is adjacent evidence, but the legal and operational model differs.

MFDF received separate relief for a Directed Voting Program for registered funds and BDCs, with fund-specific safeguards.

Program design uses banks, brokers and processing agents. Exxon’s materials state that sensitive information stays within the vote-processing agent’s system.

This site currently tracks four public-company programs or frameworks plus adjacent fund and BDC implementations documented in public sources.