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9 Apr 2009, 7:22 am
In a symbolic protest, the British government joined many other investors in voting against the Royal Bank of Scotland's past remuneration practices on April 3. [read post]
1 Jan 2022, 7:10 am
Tweeted Joy Reid, quoted in "Ron DeSantis accompanied wife to cancer treatment while critics claimed he was 'missing'/DeSantis announced his wife's breast cancer diagnosis in October" (Fox News).Let this be a lesson to everyone: You don't know what other people's troubles are, and maybe some of those troubles you don't know about aren't even a secret and could have been known by you.This gets my "empathy" tag.ADDED: Why don't links to Fox… [read post]
25 Jul 2008, 5:06 pm
Citigroup announced this week that it had appointed new chairs of three board committees: audit and risk, nomination and governance, and personnel and compensation. [read post]
24 Feb 2010, 12:44 pm by Ted Allen
CVS Caremark and Wells Fargo this week joined the growing list of U.S. issuers that plan to hold advisory votes on executive compensation.CVS Caremark, the largest U.S. pharmacy chain, agreed to conduct an advisory vote after a “say on pay” proposal filed by the Connecticut Retirement Plans and Trust Funds earned 61.6 percent support in 2009. [read post]
1 Feb 2011, 8:27 am by Ted Allen
Investors at two more S&P 500 firms--Costco Wholesale and Johnson Controls--have defied management and backed annual advisory votes on compensation.At Costco’s Jan. 27 annual meeting, there was a 52.8 percent support for an annual advisory vote, outpacing the 43.5 percent vote for management’s choice of a triennial frequency. [read post]
17 Feb 2012, 1:22 pm by Ted Allen
Earlier this week, Western Union announced that it would offer a management proposal to declassify its board at next annual meeting. [read post]
11 Jan 2012, 12:48 pm by Ted Allen
American Defense Systems, a North Carolina-based micro-cap firm that trades over the counter, reported that it failed to get majority support for its compensation practices at the company's Dec. 30 meeting. [read post]
10 Aug 2009, 6:32 am
Recently released vote results indicate that investors at two more U.S. companies gave majority support to shareholder proposals seeking annual advisory votes on executive compensation. [read post]
26 May 2009, 7:01 am
A shareholder resolution seeking an annual advisory vote on compensation received 51 percent support at XTO Energy, proponents said. [read post]
24 Jun 2010, 11:22 am by Ted Allen
As expected, the U.S. financial reform bill won't include a requirement for companies to have a majority voting threshold in uncontested board elections.Rep. [read post]
8 Nov 2011, 6:13 am by Ted Allen
Regis Corp. received more than 71 percent opposition to its pay practices at its Oct. 27 annual meeting, which is the greatest dissent seen so far during an U.S. advisory vote on compensation, according to ISS data.The S&P 400 mid-cap company received just 28.9 percent support (based on “for” and “against” votes), which eclipses the 33.7 percent vote (or 29.8 percent if abstentions are counted) at Cincinnati Bell. [read post]
5 May 2008, 10:56 am
In the first "say on pay" vote by a U.S. public company, Aflac investors gave 93 percent support to the firm's executive compensation practices, according to news reports. [read post]
3 Jun 2010, 11:51 am by Ted Allen
Once again, Wal-Mart Stores, the world's largest retailer, is a magnet for shareholder activism.Six investor proposals on a variety of governance and social topics will be on the ballot when the Arkansas-based company holds its annual meeting on Friday. [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 Nov 2011, 6:16 am by Ted Allen
Today is the final day to comment on ISS' draft benchmark proxy voting policies for the 2012 proxy season. [read post]
26 Mar 2012, 2:06 pm by Ted Allen
A second U.S. issuer, International Game Technology, has reported a failed say-on-pay vote for 2012. [read post]