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In 2021, for example, 20 percent of U.S. environmental and social shareholder proposals won over 50 percent of shareholder support, while in 2016 only 3 percent of such proposals were approved by a majority of shareholders. [1] Investors have also strengthened their private engagement efforts, with collaborative groups like Climate Action 100+ urging firms to make their operations more environmentally sustainable. [read post]
This post provides an overview of shareholder proposals submitted to public companies during the 2022 proxy season,[1] including statistics and notable decisions from the staff (the “Staff”) of the Securities and Exchange Commission (the “SEC”) on no-action requests.[2] I. [read post]
26 Jul 2022, 9:01 pm by William A. Birdthistle
A hallmark of healthy markets and shareholder democracy is engagement through proxy voting. [read post]
14 Jul 2022, 9:05 pm by Stefan Padfield
  One relevant additional data point presented in the paper provides that, in a 2019 survey of Fortune 100 board members’ ideological makeup, the split was 100 percent Democrat and 0 percent Republican in the Fortune 1-10, and 83 percent Democrat and 17 percent Republican in financial sector companies in the Fortune 1-100. [read post]
13 Jul 2022, 12:59 pm by Holly Brezee
For example, if an employee receives a grant of 100 shares of restricted stock valued at $100 and when those shares vest their value has increased to $250, the employee would owe income tax on $250. [read post]
8 Jul 2022, 6:30 am
Jon has been the investment advisor or a trustee for more than $100 billion (including New York City’s pension funds) and has consulted to institutional investors with aggregate assets of $1 trillion dollars. [read post]
8 Jul 2022, 6:30 am
Jon has been the investment advisor or a trustee for more than $100 billion (including New York City’s pension funds) and has consulted to institutional investors with aggregate assets of $1 trillion dollars. [read post]
27 May 2022, 7:57 am by Chris Sutton
This article is for informational purposes only and does not contain or convey legal or tax advice. [read post]
26 Apr 2022, 2:50 am by Kevin Kaufman
A capital cost recovery rate above 100 percent represents the possibility for businesses to deduct more than the full cost of an investment. [read post]
In the banking sector, the Office of the Comptroller of the Currency (OCC)[8] and the Federal Deposit Insurance Corporation (FDIC)[9] have released substantially the same proposed principles for climate-related financial risk management, which are designed to provide large banking institutions (those with over $100 billion in total consolidated assets) subject to their respective regulation with a high-level framework for managing climate-related financial risks. [read post]
By doing so, the board can demonstrate that it properly considered its shareholders’ best interests and that it properly discharged its fiduciary duties. [read post]
31 Mar 2022, 6:24 am by Jacob Tingen
For example, the business cannot have more than 100 shareholders, and all of them must be U.S. citizens. [read post]