Corporate governance
UAW-led group works with pharmaceutical companies on clawback
UAW Retiree Medical Benefits Trust, Ann Arbor, led a group of 13 institutional investors to develop, with six pharmaceutical companies, a set of principles on the recoupment of executive incentive...
April 15, 2013
TIAA-CREF asks SEC for OK to skip vote on Israeli divestment
TIAA-CREF officials are asking the SEC to allow it to take no action on a shareholder proposal by activist group Jewish Voice for Peace that would require it to consider divesting from companies that ...
April 10, 2013 | 06:06 pm
CtW Investment drops chairman/CEO separation proposal at Goldman Sachs
CtW Investment Group withdrew a shareholder proposal calling for the separation of the chairman and CEO positions at Goldman Sachs Group Inc. after the company agreed to bolster the role of its lead...
April 10, 2013 | 04:06 pm
Julius Baer shareholders vote 'no' on executive pay
Shareholders of Julius Baer Group Ltd., Switzerland's third-largest wealth manager, rejected the bank's 2012 remuneration report in a non-binding vote.
April 10, 2013 | 02:43 pm
5 companies agree to disclose political spending after prodding from DiNapoli
New York State Common Retirement Fund, Albany, withdrew shareholder proposals at five companies after they agreed to disclose their corporate political spending, according to a statement from Thomas...
April 09, 2013 | 03:49 pm
AIG, others meet New York City pension funds' calls on employee diversity
The five New York City pension funds withdrew proposals filed jointly at American International Group Inc., Bank of New York Mellon Corp. and U.S. Bancorp after the companies agreed to provide annual ...
April 09, 2013 | 03:45 pm
CPPIB, Florida State Board support Agrium board members
Canada Pension Plan Investment Board, Toronto, and Florida State Board of Administration, Tallahassee, have voted their Agrium Inc. shares in support of all the company's 12 directors, refusing to go ...
April 05, 2013 | 02:39 pm
HP chairman, 2 directors step down
Hewlett-Packard Co. announced Raymond J. Lane stepped down as chairman of its board and John H. Hammergren and G. Kennedy Thompson announced their resignations as directors. The move comes after...
April 04, 2013 | 06:18 pm
UAW-led group works with pharmaceutical companies on clawback provisions
UAW Retiree Medical Benefits Trust, Ann Arbor, led a group of 13 institutional investors to develop, with six pharmaceutical companies, a set of principles on the recoupment of executive incentive...
April 04, 2013 | 04:11 pm
CalSTRS, Relational Investors move forward with proposal to split Timken
CalSTRS and Relational Investors reaffirmed the CalSTRS proposal to split Timken Co. into two parts in an effort to bolster shareholder value after a meeting Tuesday with representatives of the...
April 03, 2013 | 03:38 pm
Say-on-pay votes expected to hold steady this year, Towers Watson says
Shareholders have voted on average 90% to ratify executive compensation in advisory say-on-pay voting so far this proxy season, up from the 89% in all of 2012, according to a Towers Watson study...
April 01, 2013 | 03:30 pm
4 pension plans not following herd with proxy votes
Four major pension funds voted in opposition of more directors and other issues than shareholders in aggregate during the most recent proxy season.
April 01, 2013
New York State Common pulls shareholder proposals at Bed Bath, Best Buy
New York State Common Retirement Fund, Albany, withdrew shareholder proposals at Bed Bath & Beyond Inc. and Best Buy Co., after the companies agreed to encourage their suppliers to report on...
March 29, 2013 | 02:07 pm
ISS backs 2 on JANA's dissident slate for Agrium board
Institutional Shareholder Services recommended shareholders vote in favor of two nominees on a dissident slate put forth by hedge fund manager JANA Partners to the board of directors of Agrium Inc.
