James McRitchie
Western Union Co. (WU) unveiled a proposal to declassify its board structure and said it won’t submit a management proposal for proxy access at its 2012 annual meeting, according to a Dow Jones report. (Western Union Plans To Declassify Board, Drops …
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Reuters reports that “Chevron Corp. and eight other corporations were sued by shareholders for adopting a bylaw that requires common types of shareholder lawsuits be brought exclusively in Delaware’s Chancery Court.” So-called “exclusive forum” bylaws are being adopted by an increasing …
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Making Sense of Dodd-Frank reports that Western Union (WU) submitted a no-action letter to the SEC seeking exclusion of Norges Bank’s proposal pursuant to Rule 14a-8(i)(9) because the proposal directly conflicts with a proposal to be submitted by Western Union at the …
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Last year, KBR sued investor and USPX member John Chevedden after he submitted a proxy proposal seeking annual elections, rather than the current system of staggered three year terms. As reported by Ted Allen of ISS: Rather than go through the …
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Union Square Ventures doesn’t want resumes from investment analyst applicants. Instead, the New York venture-capital firm—which has invested in Twitter, Foursquare, Zynga and other technology companies—asked applicants to send links representing their “Web presence,” such as a Twitter account or …
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The stock market still has not recovered from the meltdown of 2008, and many companies have had severe reductions in their workforces, but CEO compensation of major U.S. companies rose 36.5% last year. Why is there this disconnect between stock …
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Marty Lipton and David Karpview view as “significant” the announced effort by BlackRock Inc., which invests over $3.345 trillion of client assets, to take a direct interest in the governance of the companies in which they invest. According to this …
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More than 40 investors joined in filing and co-filing the resolution seeking comprehensive disclosure of corporate lobbying. Among them are New York State Common Retirement Funds, Walden Asset Management, the AFSCME Employees Pension Plan, Needmor Fund, PAX World Fund, Tides …
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