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8 May 2009, 9:15 am
A "say on pay" shareholder proposal received 59 percent support at CVS Caremark on May 6, according to proponents. [read post]
29 Oct 2010, 12:04 pm by Ted Allen
ISS has opened the annual comment period for its 2011 proxy voting policies.The comment period, part of ISS’ policy development process, offers institutional investors, corporate issuers, and industry constituents the opportunity to provide feedback on ISS draft policy updates.The comment period runs through Nov. 11 and solicits feedback on 11 updates to ISS’ proxy voting policy guidelines in markets worldwide. [read post]
2 Sep 2011, 10:44 am by Ted Allen
The Council of Institutional Investors (CII), which represents public, labor, and corporate funds, has urged two prominent lawyers’ groups to support majority voting as the default legal standard for uncontested board elections. [read post]
4 May 2010, 1:15 pm by Ted Allen
Motorola received just 46 percent support during an advisory vote on its executive pay practices, according to investors who attended the company’s May 3 annual meeting.The vote marks the first time that a U.S. company has failed to earn majority support from shareholders during a non-binding vote on compensation. [read post]
23 Sep 2011, 9:46 am by Ted Allen
Hewlett-Packard, which ousted CEO Leo Apotheker on Thursday, already has attracted a 2012 shareholder proposal, and more investor activism appears likely at the company’s next annual meeting. [read post]
2 Oct 2009, 7:14 am by RiskMetrics Group Blog Team
While most directors at U.S. companies continue to receive overwhelming support each year, there was a significant increase in the number of board members who failed to win majority support in uncontested elections during the 2009 proxy season. [read post]
24 Feb 2011, 1:26 pm by Ted Allen
Investors continue to support annual advisory votes on executive compensation by a 2-to-1 margin over a triennial frequency, according to ISS data as of Feb. 23, which includes vote results from 13 S&P 500 and 40 Russell 3000 companies. [read post]
14 Nov 2011, 6:02 pm by Ted Allen
A retail shareholder activist has filed a proxy access proposal at MEMC Electronic Materials, according to the U.S. [read post]
1 Sep 2010, 1:44 pm by Ted Allen
The Council of Institutional Investors (CII), which represents public, labor, and corporate pension funds, has released a new white paper on the issue of client-directed voting (CDV), which is being considered by the SEC during its review of proxy voting mechanics. [read post]
22 Jun 2010, 10:34 am by Ted Allen
As negotiations resumed today on U.S. financial reform legislation, the two lead negotiators--Rep. [read post]
30 Aug 2011, 8:40 am by Ted Allen
The International Corporate Governance Network (ICGN) has joined the investors and academics who are asking the U.S. [read post]
23 Sep 2008, 7:20 pm
As Congress debates the proposed $700 billion bailout of the financial industry, House Democrats are pushing for the U.S. government to require financial firms that receive assistance to hold annual "say on pay" votes on executive compensation, curb severance payouts, and provide for proxy access. [read post]
2 Jun 2010, 12:10 pm by Ted Allen
Two compensation committee members at Nabors Industries received about 48 percent opposition at the company’s annual meeting on Tuesday, according to the American Federation of State, County, and Municipal Employees (AFSCME), which waged a “vote no” campaign against the two directors. [read post]
12 Aug 2010, 1:34 pm by Ted Allen
The Florida State Board of Administration (SBA), which oversees the state's $140 billion retirement system, is urging mid-cap and small-cap firms to adopt majority voting bylaws.The SBA has begun a two-part campaign directed at companies that don't require directors to receive majority support in uncontested elections. [read post]
10 Aug 2010, 10:42 am by Ted Allen
The issue of succession planning is getting more attention again after last week’s sudden ouster of Hewlett-Packard Chairman and CEO Mark Hurd, and activist investors plan to file more shareholder proposals on this topic in 2011.HP announced Friday that Hurd resigned and was replaced by Catherine A. [read post]
18 Apr 2011, 11:25 am by Ted Allen
So far this U.S. proxy season, investors and companies have focused on the advisory votes on compensation and pay vote frequency that all large and mid-cap firms are required to hold this year by the Dodd-Frank Act. [read post]