Glass Lewis has observed that
a number of shareholder proposals have requested that Canadian companies adopt the latter.
Investors have filed a record
number of shareholder proposals on ESG issues this year, with a focus on climate change and corporate political activity, according to the As You Sow shareholder advocacy group.
Not exact matches
A growing
number of corporations unhappy with
shareholder proposals are taking their frustrations to court.
You can gauge the interest in responsible investing simply from the increase in
shareholder proposals being filed about ESG issues and the exponential growth in the
number of questions being asked by institutional investors, researchers and clients - and as a CEO, I have to make trade offs that may not be in the best short term profit interest
of the Bank but are viewed in our best long term interest.
Last year, while
shareholders were generally supportive
of the 180 issuers in Canada who held say - on - pay votes, rejecting just two
proposals — Canadian Pacific Railway Ltd. (TSX: CP) and Crescent Point Energy Corp. (TSX: CPG)-- the
numbers are shifting.
«[W] orkplace diversity
proposals (which mostly concern rights for lesbian, gay, bisexual and transgender people and those seeking more diversity among corporate board members) account for 9 percent
of the total
number of shareholder resolutions filed so far this year.»
Last year, a growing
number of shareholders demanded more transparency on companies» political spending, with 30 percent
of proposals reflecting that expectation.
The small but growing
number of shareholder votes on diversity
proposals is on pace to match or exceed the record set last year, according to data compiled by ISS Analytics,...
Apple Inc.
shareholders could make history next year by deciding whether the company should be forced to increase the
number of non-white executives and directors, with a vote on a
proposal the iPhone maker has tried to squelch.
The small but growing
number of shareholder votes on diversity
proposals is on pace to match or exceed the record set last year, according to data compiled by ISS Analytics, which tracks proxies.
NBL NYSE — April 26, 2016 After receiving 42 % support on a
shareholder proposal requesting proxy access that would allow an unlimited
number of shareholders owning 3 %
of shares for 3 years to nominate 25 %
of the board at its last annual meeting, Noble Energy adopted a proxy access provision allowing a group
of 20
shareholders owning 5 %
of shares for 3 years the ability to nominate 20 %
of the board.
In its paper, the BPP Group raises a
number of concerns regarding the hard regulatory approach suggested by the Directive
proposals and calls upon the European Commission, Parliament and national governments to support the proportionate, principles - based approach to service supplier oversight overwhelmingly supported by
shareholders that is embodied in the Best Practice Principles for
Shareholder Voting Research & Analysis, stating that «unwarranted or disproportionate legislation may inhibit the provision
of independent information and services that assist investors in the exercise
of the very rights and responsibilities that the Directive aims to foster and support.»
These so - called «broker non-votes» will be included in the calculation
of the
number of votes considered to be present at the meeting for purposes
of determining a quorum, but will not be considered in determining the
number of votes necessary for approval and will have no effect on the outcome
of the vote for Directors, the advisory vote on executive compensation, the amendment
of the Restated Certificate
of Incorporation and the
shareholder proposals.
Regarding the Stockholder
Proposal, Marathon Partners argued in its supporting statement that the Rights Agreement served no other purpose than to arbitrarily limit the
number of shares a current or prospective
shareholder could own at 10 %
of the combined classes
of stock.
There are a
number of changes that might make the MediciNova
proposal competitive with the other
proposals we have received and enhance its attractiveness to Avigen's
shareholders.
Even though it won a
shareholder vote to defeat Armoyan's
proposals, Sherritt is putting a
number of them in place.
In the unlikely event
of a delayed meeting
of stockholders beyond the anticipated late October or November 2009, Mr. Tombar may acquire a sufficient
number of additional shares
of Aspen's stock or contact other
shareholders with the intent
of calling a special meeting to consider
shareholder proposals and the election
of new directors to the board
of the corporation.
Starbucks leadership urged its
shareholders to vote «no» on the
proposal, despite the
proposal being supported by a significant
number of shareholders, according to As You Sow.
Acted for a
number of institutional
shareholders before the OSC and the court in opposing Magna's
proposal to eliminate its dual class share structure.