Watch breaking news videos and read news updates about Proxy on pionline.com
SEC says FedEx can drop Redskins question from proxy
trueFedEx Corp. has won approval from the SEC to remove a shareholder proposal from its annual proxy asking the company to “respond to reputational damage from its association” with the Washington Redskins NFL franchise.
Proxy access support reaches new level
trueMore proxy access proposals have won a majority level of shareholder support this year than in any other year, leading one asset owner executive to conjecture a tipping point has been reached in terms of investors and management embracing the concept.
Illinois State Board picks Glass Lewis for proxy voting
trueIllinois State Board of Investment hired Glass Lewis & Co. for proxy-voting advisory services for domestic and international holdings.
Towers Watson: Executive compensation support unchanged so far in 2014
trueSeventy-three percent of companies won at least 90% of the shareholder vote in support of their executive compensation practices based on results of 2,132 companies in the Russell 3000 index reporting results this year through June 20
Test of governance wills
trueThere are good neighbors. Then there is Nabors Industries Inc.
Abercrombie & Fitch shareholders support proxy-access proposal
trueAbercrombie & Fitch Co. shareholders Thursday approved by a vote of 55.3% in favor a proposal sponsored by the New York City Retirement Systems and two other pension funds, calling for proxy access to enable shareholders to nominate directors using corporate proxy materials.
Investors seek proxy proposal on FedEx damage from Washington Redskins association
trueA group of FedEx Corp. investors is sending to the SEC on Friday a response to a no-action request by the Memphis, Tenn.-based company regarding the investors' shareholder proposal asking the company to “respond to reputational damage from its association” with the Washington Redskins National ...
Nabors Industries shareholders reject 3 director elections, executive pay packages
trueNabors Industries Ltd. shareholders, bolstered by major pension funds, voted in the majority against the re-election of three directors, but the rest of the company's board voted unanimously to keep them on the board.
CalPERS' proxy proposal at Nabors wins majority support
trueCalPERS' proposal at Nabors Industries calling for the company to change its proxy-voting counting to treat broker non-votes as having no impact won majority support from shareholders.
McDonald's shareholders ratify CEO's pay despite opposition by CalPERS
trueMcDonald's Corp. shareholders on Thursday voted to ratify the compensation of Donald Thompson, president and CEO, and four other top executives by a 93.5% vote, despite opposition by CalPERS.
NYC Retirement Systems reaches disclosure agreement with IBM, 4 other companies
trueNew York City Retirement Systems withdrew proxy proposals at International Business Machines Corp. and four other companies after reaching agreements on supply chain sustainability disclosures.
J.P. Morgan Chase faces opposition from pension funds on pay, directors
trueFlorida State Board of Administration will vote against the compensation package for James “Jamie” Dimon, chairman and CEO, and four other senior executives at J.P. Morgan Chase & Co., while the Connecticut Retirement Plans & Trust Funds and Illinois State Board of Investment will vote against the ...
Florida SBA opposes Goldman Sachs executive compensation
trueFlorida State Board of Administration and Glass Lewis & Co. oppose the executive pay package at Goldman Sachs Group Inc. for Lloyd C. Blankfein, chairman and CEO, and four other top executives.
Google shareholders approve pay package, re-elect all directors
trueGoogle Inc. shareholders Wednesday re-elected all directors despite opposition to several nominees, including Sergey Brin, co-founder of the company, from major pension funds, including CalSTRS, Canada Pension Plan Investment Board and State of Wisconsin Investment Board.
Pension funds oppose Chipotle executive pay
trueThree pension funds, Institutional Shareholder Services and Glass Lewis & Co. have lined up against Chipotle Mexican Grill Inc.'s executive pay package for Steve Ells, chairman of the company's board and co-CEO; Montgomery F. Moran, co-CEO; and two other top executives.