Archive for the 'Proxy' Category

Shareholder proposal seeks to limit shareholder proposals

No, there is no typo in this post’s title.
Kudos to Michelle Leder over at Footnoted.org for highlighting this shareholder proposal gem, the first of 17 shareholder proposals listed in Exxon Mobil’s proxy statement:
“Resolved: That the Company amend its bylaws to no longer permit shareholders to submit precatory (non-binding or advisory) proposals for consideration at annual shareholder meetings, […]

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 […]

PBS covers proxy season

You know that you’re into something sexy when PBS comes knocking.
A week ago, PBS’s Nightly Business Report presented a quick snapshot of this year’s proxy season and some of its key players.
“Trouble at the Top: Proxy Fights 2008″ (click here) includes comments from AFSCME’s Richard Ferlauto.
“Roundtable Review of Corporate Governance” (click here), “Trouble at the Top: Shareholder […]

Google continues its anti-anti-evil streak

Great post at Docu-drama, outlining the shareholder proposals set forth in Google’s proxy statement.
Once again, Google decided that it likes being “big business”, as opposed to “good business”.  So much for mottos.

Time in the sun for ‘Say on Pay’?

A nice piece appeared in The Wall Street Journal this week covering ‘Say-on-Pay’ proposals, their prevalency in European countries, and the implications of a Barack Obama victory this November.
Certainly the soup du jour for the 2008 proxy season, executive pay-related shareholder proposals should receive an added boost with the new SEC-mandated CD&A (Compensation Discussion and […]

e-Proxy system has e-Problems

Dominic Jones at the IR Web Report hits another homerun with his great piece detailing the problems with the e-proxy system.
Despite its popularity with IR departments and efficiency in delivery, e-proxy systems are surprisingly not that popular with investors.
For more, click here.