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24 Jan 2012, 12:55 pm by Ted Allen
A coalition of activist investors has filed 40 shareholder proposals that ask U.S. companies to disclose their direct and indirect lobbying expenses. [read post]
1 Sep 2009, 11:14 am by RiskMetrics Group Blog Team
Walden Asset Management is asking Chevron and more than 30 other companies to consider appointing an independent board chair In letters to the companies, Tim Smith, senior vice president of Boston-based Walden, points to a recent policy paper prepared by the Millstein Center for Corporate Governance and Performance at the Yale School of Management. [read post]
28 Jul 2011, 5:37 am by Ted Allen
The July 22 federal appeals court ruling that struck down the SEC's marketwide proxy access rule, Rule 14a-11, did not affect the SEC's amendments to Rule 14a-8 that would permit shareholders to resume filing proxy access bylaw proposals. [read post]
9 Dec 2011, 11:03 am by Ted Allen
Earlier this week, ISS hosted webinars to discuss its 2012 European and U.S. policy updates. [read post]
16 Mar 2011, 1:21 pm by Ted Allen
As required by the Dodd-Frank Act, this year’s corporate proxy statements include a “say when” vote that asks investors to express their views on whether advisory votes on compensation should be held every year, every two years, or every three years. [read post]
4 Feb 2011, 10:50 am by Ted Allen
While most U.S. companies with early annual meetings have advised their investors to support triennial or annual advisory votes on executive compensation, a few issuers have made biennial recommendations. [read post]
17 Mar 2009, 7:15 am
The Securities and Exchange Commission has rejected Consol Energy's request to omit a novel proposal that seeks prompt disclosure of the vote results on shareholder proposals. [read post]
16 Feb 2012, 1:23 pm by Ted Allen
ISS' Securities Class Action Services has scheduled a webinar on the noteworthy Converium Holding AG case in the Netherlands. [read post]
10 Jun 2011, 2:08 pm by Ted Allen
During shareholder meetings this week, investors rejected the executive compensation practices at Nabors Industries and lodged a significant protest vote at Chesapeake Energy. [read post]
8 Feb 2012, 1:58 pm by Ted Allen
While say-on-pay votes are non-binding in the United States, they are prodding some companies to make significant improvements to their executive pay practices. [read post]
12 Jan 2009, 7:55 am
The staff of the Securities and Exchange Commission has ruled that SunTrust Banks may omit a labor proposal that seeks stricter executive pay limits than imposed by the federal Troubled Asset Relief Program (TARP). [read post]
29 Jul 2010, 2:12 pm by Ted Allen
Earlier today, the House Financial Services Committee approved a bill that would require companies to obtain investor approval before spending more than $50,000 per year in general corporate funds on political activities. [read post]
17 May 2011, 7:53 pm by Ted Allen
Five more U.S. companies have reported that they failed to receive majority support during their advisory votes on executive compensation. [read post]
21 Mar 2012, 1:31 pm by Ted Allen
Forty-two large-cap companies have agreed to declassify their boards in response to shareholder proposals, according to Harvard Law School’s Shareholder Rights Project (SRP), which is coordinating this investor campaign. [read post]
12 Jan 2010, 3:14 pm by Russell Jackson
Every once in a while, I read an opinion that is so surprising that I have to stop and say, "Where's Allen Funt?! [read post]
18 Sep 2007, 1:54 pm
Allen testified that VECO employees performed the work to add a second story to the Stevens residence near Anchorage and the elaborate project took about half a year. [read post]