Corporate governance

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  1. BCIMC calls for 30% requirement for women on boards, in senior management

    trueBritish Columbia Investment Management Corp. is calling for the Ontario Securities Commission to require Canadian corporations to reserve at least 30% of the positions for directors and senior management for women.

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  1. Riviera Beach retirement system resolves lawsuit with Aaron's Inc.

    trueRiviera Beach (Fla.) General Employees' Retirement System preliminarily resolved a lawsuit it filed against Aaron's Inc. and its directors accusing the company of illegally restructuring its board in favor of management to deflect a proxy contest and possible takeover.

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  2. Comcast agrees to disclose political spending; N.Y. State Common withdraws resolution

    trueThe New York State Common Retirement Fund, Albany, has reached an agreement with Comcast Corp. in which the media company will disclose political spending made with corporate money.

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  3. CalPERS, NYC Retirement Systems oppose Duke Energy directors in coal-ash spill aftermath

    trueCalPERS and the New York City Retirement Systems are calling on shareholders to oppose the re-election of four independent directors to Duke Energy Corp.'s board, accusing them of having “failed to fulfill their obligations of risk oversight as members of a committee overseeing health, safety and ...

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  4. CalSTRS updates proxy votes on Coca-Cola in support of compensation proposals

    trueCalSTRS reversed its position on Coca-Cola Co. and will now support the pay package of Muhtar Kent, the company's chairman and CEO, and other top executives, according to the pension fund's proxy voting disclosure.

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  5. CalSTRS still mulling Coca-Cola proxy ballot

    trueCalSTRS plans to take down from its website its disclosure of its votes on proposals at Coca-Cola Co. because the posting “did not represent our intentions,” said spokesman Ricardo Duran.

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  6. ISS/IRRC study: Shareholder engagement at all-time high

    trueThe level of engagement between institutional investors and U.S. companies has reached an all-time high and produced high degrees of success, ranging from constructive dialogues to changes in corporate policies, according to a study released Thursday prepared by Institutional Shareholder Services ...

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  7. Investors split on Coca-Cola proxy proposals

    trueTwo pension funds, a money manager and a proxy-voting advisory firm have lined up in their shareholder voting on opposing sides of Coca-Cola Co.'s proxy proposals on election of directors, executive pay programs, but most support a proposal for an independent chairman.

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  8. Ontario Teachers to vote against Coca-Cola compensation and equity plans

    trueOntario Teachers’ Pension Plan, Toronto, will vote against Coca-Cola Co.’s 2014 executive compensation and equity plan, according to the C$140.8 billion (US$128.9 billion) plan’s website.

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  9. Investors withdraw proposal after Exxon Mobil agrees on fracking disclosure

    trueThe New York City pension funds and other filers agreed to withdraw a shareholder proposal at Exxon Mobil Corp. after the company consented to increase disclosure about public and environmental risks associated with its hydraulic fracturing for shale gas.

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  10. S&P 500 buybacks up 19.2% in 2013

     

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  11. Peabody Energy agrees to Connecticut pension fund's request to produce fossil-fuel report

    truePeabody Energy agreed to produce a report analyzing fossil fuels and their impact on climate change at the request of the Connecticut Retirement Plans & Trust Funds.

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  12. 3 withdraw shareholder-access resolution at Disney

    trueCalSTRS, Connecticut Retirement Plans & Trust Funds and Legal & General Investment Management withdrew their proposal at Walt Disney Co. calling for shareholder access to corporate proxy material to nominate directors, according to a webcast of the company's annual meeting Tuesday.

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  13. Vestar Capital Partners to acquire Institutional Shareholder Services

    trueVestar Capital Partners will acquire Institutional Shareholder Services from MSCI for $364 million, according to a joint statement from the private equity firm and MSCI.

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