Indian proxy season

The Indian proxy season for 2017 represented a tipping point for shareholder activism, according to corporate governance advisory service, InGovern with institutional investors now prepared to take on company boards. In its overview of this year’s season, which begins in January and peaks in September in India, InGovern said the number of cases where shareholders […]

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Deforestation shareholder resolutions

Investors are increasingly pushing some of the world’s biggest companies to commit to reducing their impact on the global forests, according to an analysis of shareholder resolutions put forward at US AGMs. The report was published by the Global Canopy Programme, a think tank aiming to accelerate a transition to a deforestation free economy. Analysis of […]

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The New York City Pension Funds have filed new shareholder resolutions in their continued campaign to get investors the right to nominate a director to the boards of US companies. The Boardroom Accountability Project, which was launched in November 2014, has already seen 115 companies compared with six originally, adopt a bylaw which gives shareholders owning 3 percent […]

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When Dale Wannen of US investment advisor Sustainvest Asset Management wanted Irish pharmaceuticals company Actavis to publish an annual sustainability report he didn’t just write a letter to the directors, or lobby a regulator for a rule change, he took matters into his own hands and proposed a shareholder resolution.

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The Australian federal government has mooted a draft bill which, if it succeeds, will remove the right of a 100 shareholders to call an extraordinary general meeting (EGM). According to the announcement from Mathias Cormann, acting assistant treasurer, the draft bill contains proposed changes to the Australian corporations act that are aimed at removing “unnecessary […]

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The upcoming AGM of Deutsche Bank AG is looming large in many shareholders minds now. With the long running succession planning debate at the company leading some proxy advisors to publicly recommend opposition to ratification of the supervisory board acts, combined with countermotions tabled for director elections, there’s plenty for shareholders to consider. The ability to […]

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Euro investor activism at US firms continues International pension funds appear ready to continue to pressure U.S. companies to appoint independent board chairs, a leadership structure now commonly adopted by European boards but still relatively rare in the United States. According to research by Proxy Governance  only 25% of U.S. companies now have an independent board chair. […]

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After setting a new high-water mark in 2009 in terms of US shareholder proposals (more than five dozen) and support (one majority vote and three others exceeding 40% of the votes cast), proponents of climate change resolutions are gearing up for an even bigger 2010 proxy season. Close to 100 proposals, spanning more than a […]

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Early indications are that the 2010 proxy season will be at least as busy, if not more so, than last year when more than 640 shareholder resolutions were voted on at U.S. companies writes Mike Ryan of Manifest’s US partners, ProxyGovernance. Labor unions, public pension funds and other corporate governance advocates, having seen support for […]

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The Securities and Exchange Commission (SEC) has announced a major policy reversal on shareholder resolutions which is likely to lead to an increase in ESG risk and succession planning-related proposals. In a legal bulletin published this week, the SEC said that companies could no longer automatically exclude CEO succession planning or ESG risk-related resolutions using […]

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