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CalSTRS to oppose Coca-Cola's compensation committee members, executive compensation
trueCalSTRS said it will oppose the appointment of four of Coca-Cola Co.'s 15-member board of directors, all members of its compensation committee, and will vote against CEO Muhtar Kent's $25.2 million compensation.
Canadian pension funds line up against Barrick Gold executive compensation
trueThe C$238.8 billion ($194.9 billion) Canada Pension Plan Investment Board, C$154.4 billion Ontario Teachers' Pension Plan and C$114 billion British Columbia Investment Management Corp. said they will vote against Barrick Gold Corp.'s non-binding say-on-pay vote for its executive compensation.
No one wins in proxy recommendation on Wynn Resorts
trueWynn Resorts Ltd. and Elaine Wynn, who has been battling the casino company to keep her board seat, were both handed a setback after a proxy advisory report criticized corporate governance.
Wendy's to support proxy access vote following Philadelphia pension fund proposal
truePhiladelphia Public Employees Retirement System withdrew a shareholder proposal at Wendy's Co. after the company agreed to submit management-supported proxy access amendments to its certificate of incorporation and bylaws to a vote at its 2016 annual meeting, Wendy's announced in a news release ...
ADM adopts anti-deforestation policy following N.Y. State Common proposal
trueNew York State Common Retirement Fund, Albany, announced Tuesday that Archer Daniels Midland agreed to adopt policies under which it will accept from suppliers only soybean and palm oil products that aren't due to deforestation.
Towers Watson: Pay-for-performance disclosures dip in 2014 proxy statements
trueSome 27% of the largest U.S. companies included an executive pay-for-performance discussion in their 2014 proxy statements, down from 28% the previous year, a Towers Watson analysis released Thursday found.
Massachusetts treasurer proposes reforms to MassPRIM proxy-voting guidelines
trueMassachusetts Treasurer Deborah B. Goldberg proposed a series of reforms to the state's Pension Reserves Investment Management board's custom proxy-voting guidelines on Thursday.
Bank of America adopts proxy access after discussions with 3 major pension funds
trueBank of America Corp.’s board of directors adopted a proxy access amendment to its corporate bylaws, allowing shareholders to nominate some members to the board, said an 8-K statement filed Friday with the Securities and Exchange Commission.
Starbucks CEO, 5 executives facing opposition on pay
trueThe compensation of Starbucks Corp.’s CEO and five other top executives faces opposition from CalSTRS, Ontario Teachers’ Pension Plan and the Florida State Board of Administration.
L.A. County DC plans preparing proxy advisory RFP
trueLos Angeles County Deferred Compensation and Thrift Plans is preparing to launch an RFP for a proxy advisory firm later this month.
Prudential board adopts proxy access; NYC systems withdraw 2 proposals
truePrudential Financial Inc.‘s board of directors adopted proxy access, enabling shareholders to nominate candidates starting next year.
ISS, Glass Lewis on opposite sides of say-on-pay, proxy access proposals at Apple
trueTwo major proxy voting advisory firms have taken opposing sides on non-binding say-on-pay and proxy access proposals at Apple Inc.
SEC round-table panelists debate necessity for universal proxy ballot
trueCorporations should adopt a universal proxy ballot enabling shareholders to vote for both management and activist nominees for boards of directors on the same voting card, Anne Simpson, senior portfolio manager and director of global governance at CalPERS, said Thursday as a panelist for an SEC ...
Proxy group wants feedback on best-practice principles
trueA group of proxy-voting advisory firms, called Best Practice Principles Group, Tuesday introduced a web-based mechanism for collecting feedback on the implementation of best-practice principles for shareholding voting research, designed to address the integrity of the industry.
5 companies to disclose political spending following New York State Common proposals
trueFive companies in the portfolio of the New York State Common Retirement Fund have agreed to disclose their political spending.