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Pension funds, asset owners file BP shareholder proposal on climate change risk
trueA group of more than 150 global pension funds and other assets owners on Wednesday co-filed a shareholders proposal at BP PLC, calling for the company to assess and manage the risk of climate change on its business, including reforming executive compensation incentives, said members of the ...
SEC to revisit proxy access conflict rule
trueThe SEC will revisit proxy rules that allow companies to exclude shareholder proposals that are in direct conflict with management proposals, Chairwoman Mary Jo White said.
SEC prioritizes market risks for 2015, will continue to review private equity fees
trueSEC compliance officials will spend 2015 focused on protecting retail investors' retirement savings and assessing market risks
Former SEC chairman calls agency's proxy guidance a 'positive first step'
trueSEC staff guidance on proxy voting and the use of proxy advisory firms “is a rich opportunity for public companies to take the initiative back,” former SEC Chairman Harvey Pitt said Wednesday.
Shareholders propose that Exxon Mobil return capital to offset climate change risk
trueA shareholder proposal filed Tuesday calls for Exxon Mobil Corp. to return capital to shareholders to protect investor value from potential risk of stranded fossil-fuel assets from climate change disruption.
CalPERS supports 85% of management proposals in Q3
trueCalPERS voted on 10,937 resolutions (10,895 management and 42 shareowner), supporting 85% of management and 64% of shareowner proposals in the quarter. Those figures were little changed from the previous quarter, when support levels were 85% and 64%, respectively.
Proxy solicitation firm Okapi Partners hires managing director
trueTony Vecchio joined Okapi Partners as managing director, spokesman Zach Kouwe said.
NYC comptroller targets 75 companies in groundbreaking proxy access initiative
trueNew York City Retirement Systems filed proxy access proposals with 75 companies, the largest such initiative to give shareholders a greater voice in nominating members of corporate boards of directors, said a news release Thursday from Scott M. Stringer, New York City comptroller, who oversees the ...
Oracle shareholders narrowly reject proxy access proposal
trueOracle Corp. shareholders Wednesday rejected a proposal co-sponsored by CalSTRS calling for proxy access.
The market is ready for proxy access
trueIt is time for the Securities and Exchange Commission to propose proxy access again.
Delaware County pension fund sues Simon Property over executive compensation
trueSimon Property Group Inc., seeking to avoid investor litigation, earlier this year eliminated a $120 million stock award to David Simon, chairman and CEO, in favor of a performance-based bonus.
Coca-Cola reduces shareholder approved executive equity plan
trueCoca-Cola Co. announced Wednesday it is backtracking somewhat from its executive equity plan approved in a shareholder vote in April that received opposition from some major pension funds, which called it excessive.
CFA Institute urges SEC to revive its proxy access rule
trueThe CFA Institute on Friday called for the Securities and Exchange Commission to revive its proxy access rule, contending it would increase U.S. market capitalization by as much as $140.3 billion.
Investors seek political contribution disclosure, end to exec tax payment at FedEx
trueFedEx Corp. shareholders face separate proxy proposals from the New York City Retirement Systems and the International Brotherhood of Teamsters General Fund, calling for, respectively, disclosure of the company's political contributions and an end to paying personal taxes executives own on the ...
Alliant shareholders reject firearms safety proposal filed by 2 pension funds
trueAlliant Technologies Inc. shareholders Wednesday rejected by a 92.3% vote a shareholder proposal on firearms safety filed jointly by the New York State Common Retirement Fund and the Connecticut Retirement Plans & Trust Funds, a company SEC filing shows.