Board changes

BCIMC calls for 30% requirement for women on boards, in senior management

British Columbia Investment Management Corp. is calling for the Ontario Securities Commission to require Canadian corporations to reserve at least 30% of the positions for directors and senior...

April 18, 2014 | 02:13 pm
Christian Brothers doesn't want Buffett on Berkshire Hathaway's board

Christian Brothers doesn't want Buffett on Berkshire Hathaway's board

Christian Brothers Investment Services is opposing the election of all Berkshire Hathaway Inc. directors, including Warren E. Buffett, chairman and CEO.

April 18, 2014 | 12:13 pm

Riviera Beach retirement system resolves lawsuit with Aaron’s Inc.

Riviera Beach (Fla.) General Employees' Retirement System preliminarily resolved a lawsuit it filed against Aaron's Inc. and its directors accusing the company of illegally restructuring its board in ...

April 16, 2014 | 04:06 pm
CalPERS, NYC Retirement Systems oppose Duke Energy directors in coal-ash spill aftermath

CalPERS, NYC Retirement Systems oppose Duke Energy directors in coal-ash spill aftermath

CalPERS and the New York City Retirement Systems are calling on shareholders to oppose the re-election of four independent directors to Duke Energy Corp.'s board, accusing them of having...

April 15, 2014 | 12:18 pm
3 withdraw shareholder-access resolution at Disney

3 withdraw shareholder-access resolution at Disney

CalSTRS, Connecticut Retirement Plans & Trust Funds and Legal & General Investment Management withdrew their proposal at Walt Disney Co. calling for shareholder access to corporate proxy material to...

March 18, 2014 | 03:56 pm

Cohen & Steers to separate chairman, CEO roles

Cohen & Steers Inc. plans to separate the chairman and CEO roles, effective Jan. 1.

November 11, 2013 | 05:15 pm
Institutional investors lose board election, executive pay votes at 21st Century Fox

Institutional investors lose board election, executive pay votes at 21st Century Fox

Twenty-First Century Fox Inc., shareholders voted with corporate management on all proxy proposals, including electing all 12 directors and ratifying CEO and other top executive compensation as well...

October 18, 2013 | 03:31 pm
Institutional investors call for slew of changes at 21st Century Fox

Institutional investors call for slew of changes at 21st Century Fox

CalSTRS plans to vote against the election of all 12 directors, including K. Rupert Murdoch, James R. Murdoch and Lachlan K. Murdoch, to the board at Twenty-First Century Fox Inc.

October 15, 2013 | 04:09 pm

Towers Watson: Corporate director pay rises 3% in 2012

Total pay for outside or non-executive directors at 469 of the largest U.S. companies rose 3% to $226,994, based on the median levels of companies that filed their 2012 fiscal year proxy statements...

September 17, 2013 | 04:24 pm
PNC appoints BlueMountain Capital CEO to board of directors

PNC appoints BlueMountain Capital CEO to board of directors

PNC Financial Services Group appointed Andrew Feldstein to its board of directors on Thursday, according to Marcey Zwiebel, a spokeswoman for PNC.

August 16, 2013 | 11:34 am
CalPERS pushes SEC to act to improve investor protection, market regulation

CalPERS pushes SEC to act to improve investor protection, market regulation

CalPERS urged the SEC to strengthen investor protection, accountability, disclosure and market regulation by addressing key priorities that would promote long-term value creation.

August 14, 2013 | 02:48 pm
Loyalty and accountability

Loyalty and accountability

The mechanism for electing and replacing directors on corporate boards — the shareholder vote — isn't working as it should at many companies.

July 08, 2013
CII pushes NYSE, Nasdaq to remove zombie directors

CII pushes NYSE, Nasdaq to remove zombie directors

The Council of Institutional Investors called on NYSE Euronext and Nasdaq OMX to force companies to remove so-called zombie directors, or those who fail to receive a majority of votes in uncontested...

June 21, 2013 | 03:26 pm
Pension fund opposition to Wal-Mart proposals fails to sway shareholders

Pension fund opposition to Wal-Mart proposals fails to sway shareholders

Despite opposition from large pension funds, Wal-Mart Stores Inc. shareholders voted in the majority to back management recommendations on all proposals.

June 07, 2013 | 12:31 pm
Pension funds to vote against Wal-Mart director nominees

Pension funds to vote against Wal-Mart director nominees

California State Teachers' Retirement System, West Sacramento, will vote against all 14 of the director nominees for Wal-Mart Stores Inc., leading a list of other pension funds opposed to at least...

June 06, 2013 | 04:23 pm