Corporate governance

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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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  1. 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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  2. 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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  3. 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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  4. 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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  5. 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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  6. 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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  7. 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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  8. S&P 500 buybacks up 19.2% in 2013

     

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  9. 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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  10. 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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  11. 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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  12. CalSTRS, Connecticut help drive Disney proxy access proposal

    trueWalt Disney Co. shareholders face voting on a non-binding proxy proposal co-sponsored by CalSTRS, Connecticut Retirement Plans & Trust Funds and Legal & General Investment Management, calling for shareholder access to corporate proxy material to nominate directors.

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  13. Franklin Resources shareholders elect all directors, reject proposal on genocide divestment

    trueFranklin Resources Inc. shareholders on Wednesday elected all directors to the board and rejected a shareholder proposal calling for the company's investment management units to divest companies that contribute to genocide, all results that bucked contrary voting positions by some large pension ...

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