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Pension funds take different sides on political lobbying proposal at Aetna
trueAetna Inc. shareholders face voting Friday on a New York State Common Retirement Fund proposal calling for the company to disclose spending on political lobbying, and pension funds are lined up on different sides of the issue.
DuPont's director slate wins heavily contested proxy showdown
trueE.I. du Pont de Nemours & Co. on Wednesday prevailed in shareholder voting, winning a proxy contest showdown against activist investor Trian Fund Management and pitting CalPERS and CalSTRS and other pension funds on opposite sides of a corporate governance dispute.
Pension funds line up against Chipotle pay package
trueTwo big pension funds 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.
CalSTRS votes with Trian in DuPont proxy fight
trueCalSTRS has voted its 3.6 million shares in E.I. du Pont de Nemours & Co. in support of alternatives money manager Trian Fund Management's four board candidates.
CalPERS supports proxy access at McDonald's, Kohl's
trueCalPERS is supporting a shareholder proposal for proxy access at McDonald's Corp., spokesman Joe DeAnda said Wednesday in an e-mail.
Philadelphia Board of Pensions seeks proxy consultant
truePhiladelphia Board of Pensions and Retirement is searching for a proxy consultant for the $4.5 billion pension fund.
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.