Ontario Teachers' Pension Plan, Toronto, will vote for the 15 directors up for election at Citigroup Inc., New York, and it will vote with the board on all the other management proposals. The C$75.5 billion ($56.5 billion) plan will also vote against four shareholder proposals, including one calling for the chairman to have no management duties or titles.
The 16 directors up for election at Coca-Cola Co., Atlanta, will also get "yes" votes from the plan, which will also support a shareholder proposal at Coca-Cola calling for the separation of the positions of chairman and CEO.
OTPP owns 1.2 million Citigroup shares and 139,000 Coca-Cola shares. The Citigroup shareholder meeting is April 20; the Coca-Cola meeting is April 21.
