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Midseason Update on Proxy Access - Sean Quinn, ISS Governance Institute - Governance 11 May 2012 | 09:19 am
Proxy access was one of the most highly anticipated issues of the 2012 U.S. proxy season, and here at the halfway mark of the season, this issue has lived up to its billing. To date, only three prox....
Greater Investor Support for Independent Chair Proposals - Ted Allen - Governance 9 May 2012 | 08:21 am
So far this year, investors have been more receptive to shareholder proposals that seek an independent board chair. These proposals have averaged 37.7 percent support (based on votes “for” and “again...
Four More Firms Fail to Win Majority Support on Pay - Ted Allen - Governance 8 May 2012 | 09:18 am
Four additional firms--Mylan, Tower Group, Sterling Bancorp., and Manitowoc Co.--reported that they failed to win majority support for their executive compensation practices. Overall, 12 U.S.-listed c...
Three More Companies Fail to Win Majority Support on Pay - Ted Allen - Governance 3 May 2012 | 04:45 am
Three more U.S.-listed companies--Cooper Industries, NRG Energy, and Ryland Homes--have reported that they failed to receive majority support for their executive compensation practices. At all three f...
The SEC Has No Immediate Plans to Revive Proxy Access - Ted Allen - Governance 27 Apr 2012 | 09:51 am
In testimony to lawmakers this week, SEC Chairman Mary Schapiro said her agency has no immediate plans to revive a controversial proxy access rule that was struck down by a federal court last July. ....
FirstMerit Fails to Win Majority Support on Executive Pay - Ted Allen - Governance 26 Apr 2012 | 08:01 am
A fifth U.S. company, FirstMerit Corp., has failed to win majority approval from shareholders for its executive pay practices this year. In a regulatory filing, the Ohio-based financial firm reported ...
Independent Chair Proposals On the Ballot - Ted Allen - Governance 24 Apr 2012 | 09:32 am
Over the next two weeks, shareholder proposals seeking independent board chairs will be on the ballot at Wells Fargo & Co., Lockheed Martin, and other well-known U.S. companies. On Tuesday, this topi...
SEC Grants Request by Staples to Omit Proxy Access Proposal - Ted Allen - Governance 21 Apr 2012 | 08:52 am
The staff of the U.S. Securities and Exchange Commission has granted a request by Staples Inc. to exclude a binding proxy access proposal filed by Norges Bank Investment Management. In an April 13 r....
Citigroup Fails to Win Majority Support on Pay - Ted Allen - Governance 18 Apr 2012 | 07:48 am
At its annual meeting on Tuesday, Citigroup reported that it failed to win majority approval from investors for its executive compensation practices. According to news reports, Citi received 45 percen...
Six Companies Agree to Provide More Information on Auditors - Ted Allen - Governance 13 Apr 2012 | 04:18 am
Six U.S. companies--H.J. Heinz, Supervalu, Electronic Arts, Legg Mason, J.M. Smucker Co., and BMC Software--have reached settlements with investors to provide more information on auditor independence,...
