Connecticut Retirement Plans and Trust Funds, Hartford, withdrew its shareholder resolutions at six companies "because of significant progress in discussions on corporate governance issues,” according to Denise L. Nappier, state treasurer and trustee of the $20 billion system. Resolutions at Office Depot Inc. and Siebel Systems Inc. concerned executive compensation. Its resolution at McDermott International Inc. called for electing all directors annually, instead of only one-third each year; and at Nextel Communications Inc., it called for a majority of independent directors. The resolution at American Electric Power Service Corp. concerned global warming and greenhouse gas emissions; and at Mattel Inc., excessive executive severance benefits.
"We will monitor actions by each company to fulfill their commitment,” she said in a statement.
