Corporate governance
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CalPERS votes to split chairman, CEO roles at J.P. Morgan ChaseCalPERS voted in favor of a non-binding shareholder resolution that would split the dual positions held by Jamie Dimon as J.P. Morgan Chase chairman and CEO, confirmed CalPERS spokesman Joe DeAnda.
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2 CF Industries social proposals break record for support
Two pension funds separately won record-high support for shareholder social proposals at any company. Both votes were for resolutions at CF Industries.
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S&P 500 firms' compensation programs getting OK from shareholders
Shareholders ratified the compensation programs of the CEO and other top executives at all 137 companies in the S&P 500 index that have conducted non-binding say-on-pay votes as of May 9, according a new Compensation Advisory Partners report.
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J.P. Morgan return beats financial sector index by 983 basis points annually during Dimon's tenureJ.P Morgan shareholders will vote later this month to decide whether Jamie Dimon will retain his dual role of chairman and CEO. Mr. Dimon has said that if shareholders decide to split his roles he might consider leaving the company. Since Mr. Dimon took over as CEO of the firm in December 2005, the
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2 investors file proposal to separate chairman, CEO roles at News Corp.Christian Brothers Investment Service and the C$96.7 billion (US$97.5 billion) British Columbia Investment Management Corp., Victoria, filed a joint shareholder proposal calling for establishment of an independent chairman of News Corp.'s board of directors.
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Timken shareholders back CalSTRS' proposal to split companyTimken Co. shareholders Tuesday voted 53% in favor of a CalSTRS' proposal to split the company into separate steel and ball-bearing businesses, according to company proxy voting results.
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Union-backed shareholder activism fails to increase value — report
Labor union-backed shareholder activism has failed to increase shareholder value, according to a report released Thursday by the U.S. Chamber of Commerce.
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Towers Watson: Shareholders ratify executive compensation at 91% clip
Shareholders have voted on average 91% to ratify executive compensation in non-binding say-pay-pay voting at U.S. companies so far this proxy season, up from 89% in all of 2012, according to a Towers Watson study of 333 companies in the Russell 3000 index from Jan. 1 through April 26 that was ...
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U.K.'s NEST creates corporate governance policy
National Employment Savings Trust, London, issued its proxy voting and corporate governance policies Monday, which include supporting corporate remuneration programs that reflect awareness at all pay levels within a company, including paying the lowest-paid employees a “living wage and not the ...
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CalSTRS takes bold step in governanceA shareholder proposal by the California State Teachers' Retirement System, aimed at breaking Timken Co. into two separate companies, is taking activism by pension funds to a new level.
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CII conference takes up dual-class stock, high-frequency tradingThe pros and cons of dual-class stock and high-frequency trading were the subject of lively debate at the spring meeting of the Council of Institutional Investors in Washington.
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New York State Common backs 2 shareholder proposals for Peabody
New York State Common Retirement Fund will support separate shareholder proposals at Peabody Energy backed by the AFL-CIO Reserve Fund and the AFSCME Employees Pension Plan.
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Proxy voting system broken, concentrates power in proxy advisers — paper
The proxy voting system for pension funds and mutual funds is broken, with unintended consequences of regulations giving preferential treatment to proxy advisory firms, according to a paper from the Mercatus Center at George Mason University.
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Heifer International Foundation looking for proxy voting service provider
Heifer International Foundation, Little Rock, Ark., is searching for a proxy voting service provider.
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Canada fund to consider 'outsiders' for investment boardThe C$172.6 billion (US$170.2 billion) Canada Pension Plan Investment Board could appoint non-Canadian residents to the board in a proposal included in the Canadian Department of Finance's 2013 Economic Action Plan.
