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PennPSERS seeks proxy-voting research firm
truePennsylvania Public School Employees’ Retirement System, Harrisburg, is searching for a proxy-voting research firm.
Toyota shareholders approve dual-class shares despite pension fund opposition
trueToyota Motor Corp. shareholders approved a proposal to create a dual-class share structure by a 75% vote, overcoming opposition from four pension funds.
ISS, Glass Lewis on opposite sides of Toyota dual-class vote
trueProxy-voting advisory firms Institutional Shareholder Services and Glass Lewis & Co. have come out on different sides of a Toyota Motor Corp. proposal to create a dual-class share structure.
Glass Lewis acquires German proxy advisory firm IVOX
trueGlass Lewis & Co. acquired IVOX GmbH, a Karlsruhe, Germany-based provider of proxy advisory and corporate governance services for institutional investors, the firms announced jointly in a statement.
Large pension funds oppose proposed Toyota share-class voting structure
trueToyota Motor Corp. faces opposition from several pension funds over a proposal to create a dual-class share voting structure.
Chevron shareholders support proxy-access proposal; near majority at Exxon Mobil
trueChevron Corp. shareholders voted 55% in support of a proxy-access proposal, while Exxon Mobil Corp. shareholders voted 49.4% in favor of a similar access proposal, according to preliminary voting results of the companies' annual meetings Wednesday.
Proxy-access proposal at Chevron gaining pension fund support
truePension funds have lined up in support of a proxy-access proposal filed by the New York City Retirement Systems at Chevron Corp., according to their proxy-voting disclosures.
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.