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CalSTRS, Legion drop proxy solicitation fight at Perry Ellis
trueCalSTRS and Legion Partners Holdings withdrew their slate of nominees to the Perry Ellis International Inc. board of directors and ended their proxy solicitation contest “in response to recent positive steps” taken by the company, the shareholders group said in a filing Tuesday with the Securities ...
DuPont's director slate wins heavily contested proxy showdown
trueE.I. du Pont de Nemours & Co. on Wednesday prevailed in shareholder voting, winning a proxy contest showdown against activist investor Trian Fund Management and pitting CalPERS and CalSTRS and other pension funds on opposite sides of a corporate governance dispute.
CalSTRS votes with Trian in DuPont proxy fight
trueCalSTRS has voted its 3.6 million shares in E.I. du Pont de Nemours & Co. in support of alternatives money manager Trian Fund Management's four board candidates.
CalPERS backs DuPont slate as Trian proxy fight showdown looms
trueThe California Public Employees' Retirement System backed E.I. du Pont de Nemours & Co. in its proxy fight with activist investor Trian Fund Management, which the $305.3 billion pension fund criticized for having a “short-term focus.”
SEC should increase board diversity disclosure — public pension funds
trueNine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.
eBay revises governance guidelines for board diversity; pension funds withdraw proposal
trueNew York State Common Retirement Fund and Trillium Asset Management withdrew a shareholder proposal at eBay Inc., after the company agreed to revise its governance guidelines to include gender and racial diversity among qualities its seeks in its board directors.
Prudential board adopts proxy access; NYC systems withdraw 2 proposals
truePrudential Financial Inc.‘s board of directors adopted proxy access, enabling shareholders to nominate candidates starting next year.
Pension fund managers push Oracle on several shareholder issues
truePGGM NV and RPMI Railpen called on Oracle Corp. to implement proxy access, adopt an executive compensation structure shareholders can support and develop a policy to allow shareholders to communicate directly with the board.
Public pension funds, manager call on Monster Beverage to increase board diversity
trueNew York State Common Retirement Fund filed a shareholder proposal with Monster Beverage Corp., calling on the company to report any plans to increase gender and racial diversity on its board.
Chicago treasurer won't seek re-election, sits on 5 pension fund boards
trueStephanie Neely, Chicago city treasurer, announced Monday she will not run for re-election in early 2015.
Towers Watson: Board director compensation rises 6%
trueMedian director total compensation rose 6% to $239,918 in 2013, said a Towers Watson report released Wednesday that studied 474 publicly traded companies in the Fortune 500.
CII calls for more board disclosure on self-evaluation processes
trueCouncil of Institutional Investors, Washington, is calling for more disclosure of the self-evaluation process carried out by corporate boards of directors.
Governance continues to be issue for DB plan executives — conference panel
trueGovernance remains one of the thorniest issues facing defined benefit plan executives
Wal-Mart shareholders approve all directors, executive pay
trueWal-Mart Stores Inc. shareholders approved the compensation of C. Douglas McMillon, president and CEO, and five other top executives and elected all nominees for director, despite opposition from major pension funds.
Nabors Industries shareholders reject 3 director elections, executive pay packages
trueNabors Industries Ltd. shareholders, bolstered by major pension funds, voted in the majority against the re-election of three directors, but the rest of the company's board voted unanimously to keep them on the board.