Board changes

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  1. 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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  1. 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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  2. 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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  3. 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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  4. 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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  5. CalPERS supports 92% of management proposals

     

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  6. 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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  7. 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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  8. 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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  9. 3 more reveal votes for Berkshire Hathaway

    trueBerkshire Hathaway Inc. faces opposition to the re-election of directors from CalSTRS, Florida State Board of Administration and Trillium Asset Management, according to their proxy voting disclosures.

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  10. Duke Energy director nominees elected despite pension fund opposition

    trueDuke Energy Corp. shareholders Thursday elected all nominees for directors, despite opposition to some of them by North Carolina Retirement Systems, CalPERS, CalSTRS, Canada Pension Plan Investment Board, Florida State Board of Administration, New York City Retirement Systems and Ontario Teachers' ...

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  11. Boeing shareholders nix proposals

    trueBoeing Co. shareholders rejected all shareholder proposals, including calls for an independent chairman and disclosure of lobbying payments and policy, according to preliminary results provide by company spokesman John Dern.

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  12. CPPIB on opposing side of CalSTRS, Florida SBA for executive compensation at Barrick

    trueCanada Pension Plan Investment Board is at odds with CalSTRS and the Florida State Board of Administration in their voting on the executive compensation plan of Barrick Gold Corp., according to their proxy-voting disclosures.

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  13. CIBC shareholders reject all proxy proposals

    trueCanadian Imperial Bank of Commerce shareholders Thursday rejected all shareholder proposals, including one calling for greater transparency of the management of the company's defined benefit finances and one calling for the company to pay its “fair share” of taxes, according to proxy voting ...

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