Corporate governance

Bank of America adopts proxy access after discussions with 3 major pension funds

Bank of America Corp.’s board of directors adopted a proxy access amendment to its corporate bylaws, allowing shareholders to nominate some members to the board, said an 8-K statement filed...

March 20, 2015 | 03:44 pm
Starbucks CEO, 5 executives facing opposition on pay

Starbucks CEO, 5 executives facing opposition on pay

The compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.

March 17, 2015 | 04:23 pm

L.A. County DC plans preparing proxy advisory RFP

Los Angeles County Deferred Compensation and Thrift Plans is preparing to launch an RFP for a proxy advisory firm later this month.

March 13, 2015 | 03:56 pm

Prudential board adopts proxy access; NYC systems withdraw 2 proposals

Prudential Financial Inc.‘s board of directors adopted proxy access, enabling shareholders to nominate candidates starting next year.

March 11, 2015 | 03:28 pm
POLL: Which of these shareholder proposals is the most important for boards to address?

POLL: Which of these shareholder proposals is the most important for boards to address?

In all so far this corporate annual meeting season, some 700 shareholder proposals have been filed, compared to about 1,000 in all of last year, according to Institutional Shareholder Services Inc.,...

March 09, 2015 | 12:02 pm
CPPIB, FSBA to oppose Apple's executive pay package, support proxy access

CPPIB, FSBA to oppose Apple's executive pay package, support proxy access

Canada Pension Plan Investment Board and the Florida State Board of Administration plan to vote against Apple Inc.'s pay plan for CEO Tim Cook and other top executives, according to their proxy...

March 06, 2015 | 04:12 pm
ISS, Glass Lewis on opposite sides of say-on-pay, proxy access proposals at Apple

ISS, Glass Lewis on opposite sides of say-on-pay, proxy access proposals at Apple

Two major proxy voting advisory firms have taken opposing sides on non-binding say-on-pay and proxy access proposals at Apple Inc.

March 05, 2015 | 03:55 pm
Guidance for investment committees is overdue

Guidance for investment committees is overdue

The need for guidance for investment committees is overdue. While there are many investment committees that achieve the advantage of good governance, a great many have no clear understanding of how...

March 05, 2015 | 12:01 am

Stay engaged; don't divest

Universities and pension funds are grappling with their role as agents for positive change on climate issues and whether divestment is an appropriate, responsible and effective response.

March 03, 2015 | 01:14 pm

SEC round-table panelists debate necessity for universal proxy ballot

Corporations should adopt a universal proxy ballot enabling shareholders to vote for both management and activist nominees for boards of directors on the same voting card, Anne Simpson, senior...

February 19, 2015 | 03:58 pm

Proxy group wants feedback on best-practice principles

A group of proxy-voting advisory firms, called Best Practice Principles Group, Tuesday introduced a web-based mechanism for collecting feedback on the implementation of best-practice principles for...

February 10, 2015 | 04:16 pm
Cash needs to be put to work

Cash needs to be put to work

Pension funds and other asset owners can limit the cash positions in their portfolios, but they cannot significantly influence other huge pools of cash sitting on the sidelines — cash idle on...

February 09, 2015
BP follows Shell in endorsing shareholder proposal on climate risk disclosure

BP follows Shell in endorsing shareholder proposal on climate risk disclosure

BP PLC, London, on Friday endorsed a shareholder proposal filed at the company by a group of global pension funds and other institutional investors, calling for more disclosure by the company on...

February 06, 2015 | 03:08 pm
5 companies to disclose political spending following New York State Common proposals

5 companies to disclose political spending following New York State Common proposals

Five companies in the portfolio of the New York State Common Retirement Fund have agreed to disclose their political spending.

February 04, 2015 | 03:44 pm
Shell endorses shareholder proposal on climate risk disclosure

Shell endorses shareholder proposal on climate risk disclosure

Royal Dutch Shell PLC on Thursday endorsed a shareholder proposal at the company filed by a group of global pension funds and other institutional investors calling for more disclosure by the company...

January 29, 2015 | 03:33 pm