Corporate governance

Activism pays

Activist hedge fund assets have grown at a rapid pace, likely driven by the attractive return profile.

December 22, 2014 | 12:01 am

Shareholders approve pay package for Microsoft CEO, top executives

A majority of shareholders approved Microsoft Corp.’s executive pay package for CEO Satya Nadella and four other top executives.

December 03, 2014 | 04:06 pm

Hedge fund investor group releases latest best practices principles

Alignment of Interests Association, Austin, Texas, on Tuesday released the latest version of its hedge fund best practices manifesto, including guidelines designed to better align the interests of...

December 02, 2014 | 10:00 am
Shareholders propose that Exxon Mobil return capital to offset climate change risk

Shareholders propose that Exxon Mobil return capital to offset climate change risk

A shareholder proposal filed Tuesday calls for Exxon Mobil Corp. to return capital to shareholders to protect investor value from potential risk of stranded fossil-fuel assets from climate change...

November 25, 2014 | 02:26 pm

NAPF: More U.K. pension funds screen money managers’ stewardship

Eighty percent of pension funds in the U.K. screen money managers for stewardship activity — that is, the active monitoring of and engagement with companies, as well as exercising their voting...

November 24, 2014 | 03:58 pm
CalPERS supports 85% of management proposals in Q3

CalPERS supports 85% of management proposals in Q3

CalPERS voted on 10,937 resolutions (10,895 management and 42 shareowner), supporting 85% of management and 64% of shareowner proposals in the quarter. Those figures were little changed from the...

November 11, 2014 | 03:08 pm

Proxy solicitation firm Okapi Partners hires managing director

Tony Vecchio joined Okapi Partners as managing director, spokesman Zach Kouwe said.

November 07, 2014 | 03:38 pm
NYC comptroller targets 75 companies in groundbreaking proxy access initiative

NYC comptroller targets 75 companies in groundbreaking proxy access initiative

New York City Retirement Systems filed proxy access proposals with 75 companies, the largest such initiative to give shareholders a greater voice in nominating members of corporate boards of...

November 06, 2014 | 04:16 pm
Oracle shareholders narrowly reject proxy access proposal

Oracle shareholders narrowly reject proxy access proposal

Oracle Corp. shareholders Wednesday rejected a proposal co-sponsored by CalSTRS calling for proxy access.

November 06, 2014 | 03:36 pm

New Mexico Educational looking for firm to conduct internal audit

New Mexico Educational Retirement Board, Santa Fe, is searching for a firm to perform an internal audit.

October 29, 2014 | 03:46 pm

ISS expands companies, countries in global corporate governance tool

Institutional Shareholder Services introduced an enhanced version of its global corporate governance scoring analytics for asset owners and other institutional investors, expanding by almost 10% the...

October 29, 2014 | 03:18 pm
The market is ready for proxy access

The market is ready for proxy access

It is time for the Securities and Exchange Commission to propose proxy access again.  

October 27, 2014

Delaware County pension fund sues Simon Property over executive compensation

Simon Property Group Inc., seeking to avoid investor litigation, earlier this year eliminated a $120 million stock award to David Simon, chairman and CEO, in favor of a performance-based bonus.

October 23, 2014 | 03:25 pm

Chicago treasurer won’t seek re-election, sits on 5 pension fund boards

Stephanie Neely, Chicago city treasurer, announced Monday she will not run for re-election in early 2015.

October 20, 2014 | 05:24 pm

ISS acquires executive compensation data firm Incentive Lab

Institutional Shareholder Services Inc. acquired Incentive Lab LLC, an executive compensation data and analytics firm, the two companies announced Thursday in a joint statement.

October 16, 2014 | 01:48 pm