Corporate Governance
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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Let’s get ready to rumble! Shareholder proposals (or the formal recommendations for a publicly-traded company to take a certain course of action, submitted by a shareholder) have a minimal chance of passage when brought before a vote during the annual …
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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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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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A “Shareholder Proposal” is an essential component in the tool kit of any investor activist or corporate gadfly. Basically, a shareholder proposal is a document recommendation that a shareholder formally submits to a publicly traded company advocating the company take …
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Why it Matters to the Voiceless Investor and for Shareholder Activism Lack of bi-partisan support, much to the plight of shareholder activists, is sure to derail the Shareholder Protection Act of 2011— the latest incarnation of much-needed legislation to curb …
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Hindsight is 20/20, especially when dissecting a scandal. As the News Corp. debacle continues to spiral out of control, corporate governance watchdogs speculate that had News Corp. assembled a more independent slate of board directors, the media giant may have …
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