Shareholder Proposals
There were three new or continuing developments this year, according to the SEC: Shareholder Proposals on Proxy Access. Shareholders were asked to vote on shareholder proposals to establish procedures to include shareholder director nominations in company proxy materials. Uninstructed Broker …
Continue reading
I posted a note about Anne Simpson going onto the board of the Council of Institutional Investors (CII). Now I see that Anne Sheehan, director of corporate governance at CalSTRS, was elected chairwoman of CII and Michael McCauley, senior officer of investment …
Continue reading
The SEC granted Textron (TXT) no-action relief on March 7, allowing them to drop Ken Steiner’s proxy access proposal based on their decision that paragraphs 1-5 and 7 of the USPX proxy access template deal with “the inclusion of shareholder …
Continue reading
Of the 16 proxy access proposals filed by proponents in 2012 and listed on the ISS Checklist, eight are being challenged at the SEC. Ferro, Hewlett-Packard, Nabors Industries, CME Group, Pioneer Natural Resources, Staples and Charles Schwab have not sought …
Continue reading
Key highlights of the 2011 Enforcement Report: 66 of the concluded cases involved illegal distributions, which represented the largest category of concluded cases. 124 concluded cases involved a total of 237 individual and 128 companies that resulted in: -Fines and …
Continue reading
Following another year of record-breaking shareowner votes on social and environmental issues – including five majority votes – socially responsible investors are gearing up to have even greater impact in 2012. This year’s edition of Proxy Preview provides a comprehensive …
Continue reading
The preliminary vote gave my “say on directors pay” less than 4%, so I guess putting that proposal up at the world’s largest most profitable company with so many happy shareowners may have been a mistake. However, I note that …
Continue reading
The Conference Board and FactSet Research Systems announced a joint initiative to analyze and disseminate aggregate data from the annual general meetings (AGMs) of U.S. public companies. The Conference Board, in collaboration with FactSet, will produce The Proxy Voting Report …
Continue reading
Apple (AAPL) is one of the stocks in my portfolio. Their annual meeting was held on February 23, 2012 . This was one meeting I attended in person, both to vote and to move my motion to provide shareowners with a …
Continue reading
When I started posting in 1995 I could come home from work, do a quick search on Alta Vista (before google) and read everything posted on corporate governance in a few minutes. Now searching “corporate governance” brings up 34 million …
Continue reading
