The shareholder access proposal likely will make that search even harder.
If adopted, the SEC's
shareholder access proposal would significantly add to that regulatory burden.
Not exact matches
The Wells Fargo vote will be the first
proposal on proxy
access to come before
shareholders this year, according to Ted Allen, governance counsel at proxy advisor Institutional
Shareholder Services (ISS), and it will be worth watching how it plays out.
Of course, given that a similar proxy
access proposal received 49.9 % of the vote last year, compared to this year's 57 %, company responsiveness to
shareholder desires doesn't seem to be deeply ingrained.
A
shareholder proposal entitled «Shareholder Proxy Access» IF VOTING BY MAIL, YOU MUST COMPLETE SECTIONS A - D ON BOTH SIDES OF
shareholder proposal entitled «
Shareholder Proxy Access» IF VOTING BY MAIL, YOU MUST COMPLETE SECTIONS A - D ON BOTH SIDES OF
Shareholder Proxy
Access» IF VOTING BY MAIL, YOU MUST COMPLETE SECTIONS A - D ON BOTH SIDES OF THIS CARD.
CCGG's Executive Director was quoted in the Financial Post on the
shareholder proposals seeking a new proxy
access process to nominate directors at two Canadian banks
Shareholder democracy activists should not get carried away by the arrival of proxy
access proposals north of the border, according to a Toronto lawyer.
A
shareholder proposal by James McRitchie of a non-binding advisory resolution entitled «Proxy Access for Shareholders» (Proposal
proposal by James McRitchie of a non-binding advisory resolution entitled «Proxy
Access for
Shareholders» (
Proposal Proposal No. 11).
«AGAINST» the
shareholder proposal by James McRitchie of a non-binding advisory resolution entitled «Proxy Access for Shareholders» (Proposal
proposal by James McRitchie of a non-binding advisory resolution entitled «Proxy
Access for
Shareholders» (
Proposal Proposal No. 11).
The Company also elected to place two management
proposals in direct opposition to
shareholder proposals regarding proxy
access and special meeting rights for
shareholders.
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.
Through this portal, issuers will have
access to information on Glass Lewis» approach to analyzing proxy issues, including director elections, compensation, financial transactions and
shareholder proposals on environmental, social and governance matters, among others.
However, the
shareholder proposal fails to address some of the more problematic provisions in Noble's proxy
access bylaw, including a prohibition on the ability for
shareholders to form compensation agreements with their nominees and a requirement that nominating
shareholders provide a representation as to whether they intend to hold Noble's shares for one year following the meeting.
Most notably, he is requesting that the company: (i) immediately cancel its proxy
access policy; (ii) immediately implement a proxy
access bylaw; (iii) that the chair of the board immediately resign; (iv) that there be a complete change of directors in the governance committee over the next year; and (v) that any director or officer refusing to act in accordance with the 2018
shareholder proposal immediately submit their resignation.
Under the
proposal,
shareholders owning 3 % of TD Bank's shares continuously for three 3 years would be allowed to nominate up to 25 % of the board, similar to the standard proxy
access rights south of the border.
Shareholder proposals regarding
shareholders» ability to nominate director candidates to management's proxy («proxy
access») took center stage during the 2012 proxy season.
However, some proponents do not believe the proxy
access right goes far enough and a
shareholder submitted proxy
access proposal is on the ballot for the upcoming meeting.
As you may know, the press has reported that SEC chair Mary Schapiro has directed the Commission's staff to draft
proposals for rules governing
shareholder proxy
access by mid-May 2009.
CCGG's Executive Director was quoted in the Financial Post on the
shareholder proposals seeking a new proxy
access process to nominate directors at two Canadian banks
March 23, 2017 - CCGG Executive Director Stephen Erlichman was quoted in the Financial Post on the
shareholder proposals seeking a new proxy
access process to nominate directors at Toronto - Dominion Bank and Royal Bank of Canada.
March 28, 2017 - CCGG's policy entitled «
Shareholder Involvement in the Director Nomination Process: Enhanced Engagement and Proxy
Access» was the topic of the Financial Post article referring to the proxy access bylaw proposals at Toronto - Dominion Bank and Royal Bank of C
Access» was the topic of the Financial Post article referring to the proxy
access bylaw proposals at Toronto - Dominion Bank and Royal Bank of C
access bylaw
proposals at Toronto - Dominion Bank and Royal Bank of Canada.
CSIM typically does not support proxy
access proposals unless CSIM has particular concerns regarding the board's accountability or responsiveness to
shareholders.
Shareholders of the Toronto - Dominion Bank («TD Bank») and the Royal Bank of Canada («RBC») voted in the last few weeks on shareholder proposals made to confer additional proxy access rights to shareholders in the nomination of directors to the respective... Cont
Shareholders of the Toronto - Dominion Bank («TD Bank») and the Royal Bank of Canada («RBC») voted in the last few weeks on
shareholder proposals made to confer additional proxy
access rights to
shareholders in the nomination of directors to the respective... Cont
shareholders in the nomination of directors to the respective... Continue Reading
In situations where, in Glass Lewis» opinion, the existing laws, policies or regulations either provide
shareholders with adequate proxy
access rights or would prohibit a company's adoption of the requested provision, it will recommend that
shareholders vote against such US - style
proposals.
CCGG's Executive Director was quoted in the Financial Post on the
shareholder proposals seeking a new proxy
access process to nominate directors at two Canadian banks
March 28, 2017 - CCGG's policy entitled «
Shareholder Involvement in the Director Nomination Process: Enhanced Engagement and Proxy
Access» was the topic of the Financial Post article referring to the proxy access bylaw proposals at Toronto - Dominion Bank and Royal Bank of C
Access» was the topic of the Financial Post article referring to the proxy
access bylaw proposals at Toronto - Dominion Bank and Royal Bank of C
access bylaw
proposals at Toronto - Dominion Bank and Royal Bank of Canada.
March 23, 2017 - CCGG Executive Director Stephen Erlichman was quoted in the Financial Post on the
shareholder proposals seeking a new proxy
access process to nominate directors at Toronto - Dominion Bank and Royal Bank of Canada.