Board changes

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  1. 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.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. Governance continues to be issue for DB plan executives — conference panel

    trueGovernance remains one of the thorniest issues facing defined benefit plan executives

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  5. 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.

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  6. 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.

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  7. CalPERS' proxy proposal at Nabors wins majority support

    trueCalPERS' proposal at Nabors Industries calling for the company to change its proxy-voting counting to treat broker non-votes as having no impact won majority support from shareholders.

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  8. McDonald's shareholders ratify CEO's pay despite opposition by CalPERS

    trueMcDonald's Corp. shareholders on Thursday voted to ratify the compensation of Donald Thompson, president and CEO, and four other top executives by a 93.5% vote, despite opposition by CalPERS.

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  9. Shareholders approve Goldman Sachs pay package, re-elect all directors

    trueGoldman Sachs Group Inc. shareholders Friday voted 83% to ratify the pay package of Lloyd C. Blankfein, chairman and CEO, and four other top executives, according to a statement from the company after its annual meeting.

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  10. CalPERS supports 92% of management proposals

     

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  11. Nathan Cummings Foundation will file for proxy access at Oracle

    trueNathan Cummings Foundation, New York, expects to file a proposal at Oracle Corp., calling for proxy access permitting shareholders the use of corporate proxy materials to nominate directors.

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  12. Ford shareholders approve executive compensation despite pension opposition

    trueFord Motor Co. shareholders Thursday voted 75.2% of shares to ratify the compensation package of Alan Mulally, president and CEO, and other senior executives at the company despite opposition from CalSTRS, Canada Pension Plan Investment Board and Florida State Board of Administration.

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  13. BofA directors re-elected, executive compensation approved

    trueBank of America Corp. shareholders Wednesday approved the election of all nominees for director, its executive compensation and rehiring of its auditing firm, while rejecting all shareholder proposals, upending voting decisions of some major pension funds.

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