"Proxy Access"

Published by corpgov; last updated at April 01, 2017


I consider proxy access as the most fundamental right of shareowners that isn't built in as a legal right. Once we can nominate directors and have them placed on the proxy, boards will be much more accountable to shareowners.

Instead of looking over their shoulders, asking directors to report on greenhouse gasses or to declassify the board, shareowners will have nominees and directors telling us about the actions they will take on our behalf.

Directors are elected by shareholders but too many are more concerned with pleasing management than shareowners. Proxy access will increase board accountability, especially if it is robust not 'lite." Lite proxy access is like the greenwashing done by British Petroleum during their Beyond Petroleum ad campaign.

Beware of proxy access that limits the number of shareowners that can form a nominating group or that limits nominees to less than 25% of the board.


Upcoming Proposals

There are 4 upcoming proposals in this FocusList. corpgov's positions on these proposals are shown below, along with any advance votes we have collected.


Past Proposals

The following funds voted on at least three of these proposals, and are scored according to their level of agreement with the creator of this list.

Click on the column headers in the table below to sort the list:

Fund Score # Votes
CBIS 100% 43 votes
Florida SBA 100% 31 votes
Domini Social Equity Fund 100% 17 votes
Calvert Social Investment Fund 100% 11 votes
Calvert Social Index Fund 97% 32 votes
Trillium Asset Management 97% 30 votes
CalPERS 67% 6 votes

There are 45 past proposals in this FocusList. "Voting Rules" is the most common proposal category in this list. corpgov's positions on these proposals are shown below, along with any relevant votes we have collected.


Comments

There are no comments yet. Leave a comment using the form below.

You must sign in in order to to leave a comment.