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SEC round table discusses shift in who pays for proxy-voting services
trueMoney managers might need to charge clients for proxy voting to help finance the expense , Michelle Edkins, managing director and global head of corporate governance and responsible investment, BlackRock, said Thursday at the SEC's proxy advisory services round-table webcast.
Canadian pension funds offer proposals on board diversity
trueThe Ontario Teachers' Pension Plan and the British Columbia Investment Management Corp. have made specific proposals to the Ontario Securities Commission on increasing gender diversity among members of corporate boards.
Institutional investors lose board election, executive pay votes at 21st Century Fox
trueTwenty-First Century Fox Inc., shareholders voted with corporate management on all proxy proposals, including electing all 12 directors and ratifying CEO and other top executive compensation as well as defeating a shareholder proposal calling for an independent chairman.
ISS names new marketing chief
trueNancy Adler joined Institutional Shareholder Services as executive director and head of marketing.
Chicago Teachers picks Marco Consulting as proxy-voting adviser
trueChicago Public School Teachers' Pension & Retirement Fund hired Marco Consulting Group to provide proxy-voting advisory services.
NYSTRS searching for proxy-voting firm
trueNew York State Teachers' Retirement System, Albany, is searching for a proxy-voting research and advisory firm.
Swedish AP funds looking for proxy-voting firm
trueSwedish National Pension Funds are searching for a proxy voting firm to provide global voting services.
Timken spinoff based on CalSTRS, Relational plan
trueTimken Co.'s plan announced Thursday to split its businesses into two parts embraces a proposal filed jointly by CalSTRS and Relational Investors that the company vigorously opposed but shareholders voted 53% in the majority to support.
Pennsylvania Schools, Domini back Dell/Silver Lake privatization proposal
truePennsylvania Public School Employees' Retirement System and Domini Social Investment each has voted its Dell Inc. shares in favor of the company-endorsed buyout, led by Michael S. Dell, chairman and CEO, and Silver Lake Partners.
Wespath Investment asks Tyson to report on animal cruelty
trueWespath Investment Management, the investment management unit of the $19 billion General Board of Pension and Health Benefits of The United Methodist Church, co-filed a shareholder proposal at Tyson Foods Inc. raising questions about animal cruelty.
Investor group notches governance changes at 9 companies
trueA group of 14 pension funds and other institutional investors won corporate governance changes at nine companies on 14 shareholder proposals this year, according to a report released Aug. 6 by Marco Consulting Group.
Rominger joins firm that supports corporations in governance issues
trueEileen Rominger joined CamberView Partners as a senior adviser to the firm, which provides corporate governance and proxy voting consulting services to corporations in contested situations and shareholder engagements.
Shareholders win vote to strengthen clawback policy at McKesson Corp.
trueAn advisory shareholder proposal at McKesson Corp. sponsored by the $52 billion UAW Retiree Medical Benefits Trust, Ann Arbor, Mich. and Amalgamated Bank to strengthen the company's clawback policy was approved by a majority of stockholders at the company's annual meeting on Wednesday.
Dell, Silver Lake seek to change proxy-voting rule
trueDell Inc. postponed until Aug. 2 a shareholder meeting scheduled for Wednesday so proxy voting on a sweetened buyout proposal can be completed.
DiNapoli urges 'place of celebration' standard
truePresident Barack Obama should instruct all federal agencies to adopt a policy that recognizes same-sex marriages based on the state where people were married rather than where they currently reside, according to Thomas DiNapoli, the New York State comptroller.