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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]
8 Mar 2011, 9:36 am by Ted Allen
In a significant no-action ruling, the Securities and Exchange Commission has turned down Citigroup’s request to omit a new proposal from New York City’s pension funds that seeks a report on the bank’s mortgage lending practices.The first-year proposal calls for an independent review by Citigroup’s audit committee of the bank’s internal controls related to loan modifications, foreclosures, and securitizations. [read post]
26 Sep 2011, 8:13 am by Ted Allen
Earlier today, the California Public Employees’ Retirement System (CalPERS) and the California State Teachers’ Retirement System (CalSTRS) announced that they would start accepting submissions to their new Diverse Director DataSource, which also is known as 3D. [read post]
19 Jan 2012, 10:57 am by Ted Allen
Carol Bowie, head of executive compensation research at ISS, has posted a commentary on ISS' new pay-for-performance methodology on the Harvard Law School Forum on Corporate Governance and Financial Regulation. [read post]
13 Mar 2012, 1:06 pm by Ted Allen
Earlier today, New York City’s pension funds announced they had filed a proxy access proposal at Chesapeake Energy. [read post]
8 Jun 2011, 3:11 pm by Ted Allen
BioMed Realty Trust, Cadiz Inc., and Tutor Perini are among the latest Russell 3000 companies that have failed to receive majority support for their executive compensation practices.At all three companies, it appears that investors had concerns over the linkage between executive pay and corporate stock performance. [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]
9 Mar 2012, 10:18 am by Ted Allen
The staff of the Securities and Exchange Commission has rejected a no-action request by Western Union to omit Norges Bank Investment Management's proxy access proposal.The company argued that the Norges' proposal was "materially false and misleading" because it referred to a Norges website that was yet not in operation. [read post]
15 Jun 2011, 5:00 am by sally
“Three men have been jailed for life after being convicted of murder in a revenge attack at a property in Kent. [read post]
25 Apr 2011, 10:51 am by Ted Allen
Last week, two more U.S. companies, Stanley Black & Decker and Umpqua Holdings Corp. failed to get majority support for their pay practices. [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]
24 Aug 2007, 8:04 am
Ten months after the New York Stock Exchange (NYSE) first proposed the elimination of discretionary broker voting in board elections, investors are still waiting for the Securities and Exchange Commission to address the issue. [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]
23 Feb 2010, 6:49 am by Ted Allen
On Monday, the Securities and Exchange Commission announced several measures that seek to improve the rate of proxy voting by individual investors.The SEC finalized amendments to its so-called “e-proxy rules,” under which companies may send a notice about the online availability of proxy materials, instead of bearing the expense of mailing a full set of proxy materials to every investor. [read post]
20 Apr 2011, 2:22 pm by Ted Allen
So far, investors have been overwhelmingly receptive to management recommendations for annual “say on pay” votes. [read post]
27 May 2011, 10:11 am by Ted Allen
Constellation Energy Group is the latest S&P 500 firm to have its pay practices rejected by investors, according to news reports. [read post]