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29 Jul 2009, 8:36 am
The House Financial Services Committee approved legislation on Tuesday that would require U.S. companies to hold annual advisory votes on executive compensation. [read post]
9 May 2011, 11:38 am by Ted Allen
The American Federation of State, County, and Municipal Employees and RAM Trust are urging investors to vote against the pay practices of ExxonMobil at the oil giant’s May 25 meeting. [read post]
9 Feb 2007, 7:38 am
More South Korean companies are bracing for the possibility of securities class-action lawsuits now that a legal grace period has expired. [read post]
7 Dec 2010, 1:19 pm by Ted Allen
Activist investors are hailing the departure of Massey Energy Chairman and CEO Donald Blankenship, and point out that their efforts helped prod Massey’s board to make a leadership change. [read post]
18 May 2010, 7:33 am by Ted Allen
Three Massey Energy directors were narrowly reelected at the coal-mining company’s annual meeting today amid a “vote no” campaign by labor and public pension funds over Massey’s safety record and corporate governance.After the meeting, Massey reported that the board members received support ranging from 55.1 to 57.8 percent, but the Richmond, Va. [read post]
29 Aug 2008, 3:28 pm
New York Attorney Andrew Cuomo announced an agreement with Xcel Energy for the utility firm to provide more disclosure to investors on the financial risks of climate change. [read post]
25 Jan 2011, 7:39 am by Ted Allen
The SEC voted 3-2 today to finalize rules to govern “say on pay” advisory votes on executive compensation, votes on the frequency of future pay votes, and shareholder votes on “golden parachute” agreements. [read post]
23 Jan 2009, 8:11 am
In the first vote of its kind, a shareholder proposal seeking a vote on executive death benefits received 42 percent support at Johnson Controls, according to preliminary results released by the proponent, the labor-affiliated Amalgamated Bank. [read post]
24 Apr 2007, 9:10 am
Chairman Christopher Cox is pushing a plan that would require the agency's Enforcement Division to seek approval from the five commissioners before negotiating fines with companies, according to Bloomberg News and the Washington Post. [read post]
7 Apr 2011, 2:49 pm by Ted Allen
During oral arguments today, three U.S. appeals court judges questioned the SEC’s assessment of the costs and benefits of its proxy access rule, and asked whether the rule would empower labor and public pension funds at the expense of other investors. [read post]
1 Jul 2009, 9:49 am
By a 3-2 vote, the SEC today approved a long-anticipated New York Stock Exchange proposal to bar brokers from casting uninstructed client shares in uncontested director elections. [read post]
12 Apr 2011, 7:11 am by Ted Allen
The American Federation of State, County, and Municipal Employees (AFSCME) announced Monday that the union pension fund will urge other investors to vote against the executive compensation practices at Johnson & Johnson and Pfizer. [read post]
30 Sep 2011, 10:17 am by Ted Allen
The Center for Political Accountability (CPA) and 17 activist investors have called on S&P 500 firms to improve their disclosure of corporate political spending before the 2012 proxy season—or face possible shareholder resolutions on this topic. [read post]
10 Jun 2009, 1:23 pm
The Obama administration said today it would support legislation to require an annual advisory vote on executive compensation at all U.S. public companies. [read post]
31 Jan 2011, 8:23 am by Ted Allen
In a notable display of investor discontent, a majority of investors voted against Jacobs Engineering Group's compensation practices at the company's Jan. 27 annual meeting. [read post]