Last week our Corporate Governance Update covered CEO succession planning, a hot topic in the corporate governance world. According to a global survey of 1,300 companies, 98% of companies think a CEO succession plan is important, but only 35% currently have one in place.
Proxy season is just around the corner, and to get your palates whetted for the ballots to come, we’re serving up a little appetizer. On special: the Apple ballot, featuring four corporate governance shareholder resolutions.
Here’s something intriguing. Check out what these Cisco shareholders, led by Domini Social Investments, put on the ballot at their company: Cisco sells its products, including Internet and surveillance technology, primarily through resellers, to government agencies and state-owned entities throughout the world. The U.S. State Department has documented how various governments, including several with whichContinue Reading
How much paper could you save by Going Paperless on Moxy Vote?
Over the last two weeks, we’ve posted the voting results for shareholder resolutions concerning environmental and corporate governance issues. This week we’re completing our environmental, social, and governance (ESG) resolutions overview with the results of socially-focused shareholder resolutions. In total, 25 resolutions, at 24 companies, supported by 22 Advocates, were on Moxy Vote this pastContinue Reading
Last week we posted the final voting results for environmental resolutions on Moxy Vote during the 2011 proxy season. This week, we’ve compiled all the data for corporate governance resolutions—here’s part two of our resolutions report. In total, 67 corporate governance resolutions, supported by 18 Advocates, at 63 companies, were on Moxy Vote this past proxyContinue Reading
Just a few days ago, the New York Times published an article called, “Inciting a Revolution: The Investor Spring,” highlighting the impact of united shareholder efforts. Joseph O’Donnell created an online group for his fellow disgruntled shareholders at Celgene Corporation (CELG), a bio-pharmaceutical company based in New Jersey. Discontent stemmed from shareholders’ lack of returns relativeContinue Reading
On Wednesday this past week, ExxonMobil (XOM) and Chevron (CVX) shareholders voiced their opinion about the companies’ hydraulic fracturing practices. In an earlier post, “The Hype about Hydraulic Fracturing,” we mentioned that fracking involves using large amounts of water and potentially hazardous chemicals to release natural gas found deep within Marcellus shale rock. While the breaking apart ofContinue Reading
Our newest Advocate, the National Jesuit Committee on Investment Responsibility (NJCIR), has brought their shareholder resolution on the OM Group (OMG) ballot to our attention. NJCIR’s resolution asks management to review company policies related to their human rights practices. OM Group is a global solutions provider of specialty chemicals with a significant portion of theirContinue Reading
A few weeks ago, we quickly announced that the Chevron ballot is available to vote on Moxy Vote, complete with seven shareholder resolutions with topics ranging from human rights to the environment. However, one shareholder issue on both the Chevron (CVX) and Ultra Petroleum (UPL) ballots, available as of this week for voting, is particularlyContinue Reading
Here, we muse about proxy voting, corporate governance, our startup experience, and whatever else strikes our fancy.
