Archive for the 'Annual meetings' Category

RiskMetrics faces critics on Wednesday

The Wall Street Journal runs an excellent profile today on corporate governance problems at (gasp!) RiskMetrics Group.
RiskMetrics, as owner ISS Governance Services, makes a living by proclaiming good corporate governance standards.  Too bad the company doesn’t live up to its own advice.
This Wednesday, shareholders will have a chance to attend the company’s first annual shareholder meeting […]

Death to broker votes

Kudos to CtW Investment Group for bringing the issue of broker votes back to the forefront with their well-publicized letter to SEC Chairman Christopher Cox (read it here).
Long known to create a mighty conflict of interest for any brokerage firm trying to win corporate investment business, broker votes go against the grain of every major piece of financial […]

Vote No, Say on Pay fails at Morgan Stanley

Almost lost in yesterday’s major media coverage of Motorola and Yahoo announcements was Morgan Stanley’s shareholder meeting today, where a campaign had been mounted by a union pension advisor, CtW Investment Group.
CNBC is reporting this morning that both the Vote No campaign and the Say on Pay campaign have failed.  With 85% of the shareholder […]

Another uprising at Morgan Stanley?

Shareholders are barking up the tree again in advance of next week’s annual shareholder meeting at Morgan Stanley.
The Wall Street Journal writes a great piece detailing the efforts of CtW Investment Group, the investment arm of labor federation Change to Win.  CtW is urging a “vote no” against three directors:  Chairman/CEO John Mack,  Robert Kidder, and […]

“It’s outrageous!”; Evelyn Y. Davis interview on CNBC

Look up ”corporate gadfly” in the dictionary, and you’ll find Evelyn Y. Davis.
Click here to view this video gem, CNBC’s annual interview with the Queen of Annual Meetings.  A must see for all.

Annual meetings from a company perspective

If you’ve ever wondered how companies view and prepare for annual shareholder meetings, Business First of Louisville offered a great article this weekend after interviewing officials at Texas Roadhouse, Humana, and ResCare.
Subscription is required, so let me pass along two juicy items:

Texas Roadhouse noted that last year’s annual meeting lasted 7 minutes.  Yes, the entire meeting.  I have attended […]