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. …

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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 …

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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, …

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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 …

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The LAPFF took their place in the governance history books today. Although they failed to come close to the super-majority needed to have their resolution calling for an independent chair passed, they have achieved a remarkable result. Taking into account …

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The US Chamber of Commerce’s Center for Capital Markets Competitiveness conference convened this week to look at the impact of shareholder activism and shareholder rights. Two interesting themes have emerged from reports of the conference, firstly research into the impact …

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Manifest’s campaign to ensure shareholders at Irish companies have the opportunity to cast an advisory vote on the remuneration report gathered momentum over the weekend, with a full page article in the Irish edition of The Sunday Times.  Last month …

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Investors in two major US Internet Service Providers (ISPs),  CenturyTel Inc and EarthLink Inc, have voted strongly in favour of a shareholder resolution which highlights Internet management practices at the ISPs and their role in Internet privacy and censorship.

The …

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