Proxy season preview
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.
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.
Walgreens held their annual shareholder meeting last week in Chicago. We covered Walgreens in last week’s Corporate Governance Update. We pointed out that over the past three years Walgreens has faced shareholder resolutions that are hot topics in the corporate governance world. For instance: Majority voting (2010) Performance-based compensation (2011) Executive equity retention (2012)
Earlier this week, MarketWatch featured a press release from The Association of BellTel Retirees, which represents over 230,000 Verizon retirees. Over the past 12 years, the group has played an active role in using their shareholder power and proxy votes to influence Verizon’s corporate governance policies. However, MarketWatch reports that the group’s present concern centersContinue Reading
Last week, Jack Ucciferri from Harrington Investments published an interesting article focusing on how shareholders are ultimately responsible for director indemnification, especially when they represent big banking corporations. Jack explains, “In layman’s terms, this means that bank shareholders (often unwittingly) pay for what amount to licenses for these public menaces to be shielded from theContinue Reading
Recently, activist investing has gotten some attention at Oshkosh and Hewlett Packard, but both companies aren’t looking at the situation in the same way. In October, we sent out a Corporate Governance Update focused on activist investing, highlighting why these investors can be good or bad for the company. Perhaps Oshkosh and HP are primeContinue Reading
We came across this USA Today article last week and thought it was an important one to share since we have addressed this topic before on our blog and Social Issues Update. According to the article, by the end of the year, there will be 18 women running Fortune 500 companies. This beats the previousContinue 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
Throughout the proxy season, we want to keep our readers informed about the current ballots on Moxy Vote. Over the past few weeks, ballots have been flooding in, and our users have been busy voting. Here are some of the hottest ballots and resolutions currently up for vote on Moxy Vote. ITT, Halliburton, and BoeingContinue Reading
John Bogle recently wrote an opinion letter, published in BusinessWeek, expressing concern over the recent Supreme Court ruling allowing corporations to spend freely on political donations. Moxy Vote has commented on this ruling here, on our blog. Bogle’s concerns are consistent with the worries President Obama expressed in his January 2010 State of the UnionContinue Reading
Warren Buffett issued his annual letter to shareholders two weeks ago. These letters are always a great read, and this is one is no exception. Here, he comments on corporate governance and the credit crisis: It has not been shareholders who have botched the operations of some of our country’s largest financial institutions. Yet theyContinue Reading