Google Inc., Ford Motor Co. and Comcast Corp. all face shareholder proposals calling for an end to their dual-class structures, which give certain shareholders greater voting rights. The proposals would provide for all stock to have one vote per share.
The Ford and Comcast the proposals receive the unanimous support of proxy-voting advisory firms Egan-Jones Proxy Services, Glass Lewis, Institutional Shareholder Services and Proxy Governance. At Google, Proxy Governance recommends voting against the proposal by the $1.3 billion Bricklayers and Trowel Trades International Pension Fund, Washington, because its "share price performance, on both a relative and an absolute basis, has been exceptional." Egan-Jones Proxy Services, Glass Lewis and ISS support the proposal.
Google's and Ford's annual meetings are May 11; Comcast's is May 18.