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 […]
Read MoreThe 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 the abstain votes, total dissent is practically double the highest previously recorded for a FTSE […]
Read MoreThe 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 of shareholder resolutions and secondly comments from SEC Commissioner Troy Paredes criticizing the SEC’s proposal’s […]
Read MoreManifest’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 Manifest filed shareholder resolutions at five Irish companies seeking an advisory say-on-pay vote. The Sunday […]
Read MoreInvestors 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 resolutions, which were filed and voted on for the first time this year, attracted 30.49% […]
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