ProxyDemocracy News
"What would happen if all the small investors banded together and cast their ballots during proxy season ...?" the New York Times asks in a article that cites the contribution of ProxyDemocracy in educating shareholders.
Even before the U.S. Supreme Court’s decision in the Citizens United case, activist investors filed five dozen resolutions seeking to require publicly traded companies to disclose their contributions to advocacy groups and trade associations. See this report by the Sustainable Investments Institute.
"Investing is about more than just making money," according to Motley Fool. "You're also buying partial ownership of a company, with all of the rights and privileges that go with it." Motley Fool's David and Tom Gardner cite ProxyDemocracy as a guide to voting your proxy ballot.
The Sustainable Investments Institute (SI2), a Washington-based nonprofit research group, has produced a series of reports on social and environmental issues that shareholders will vote on this proxy season. ProxyDemocracy is pleased to present the first SI2 report, on climate change.
The Securities and Exchange Commission announced a series of steps to educate investors about proxy voting and support greater investor participation in corporate elections.
Moxy Vote, the new online voting platform, saluted ProxyDemocracy as one of the pioneers of the movement to empower shareholders.
MarketWatch suggests mutual fund companies should adopt a more pro-consumer approach to proxy voting, especially on issues such as executive pay. The column also points out the value in tracking the voting records of mutual fund firms -- one of the core services offered by ProxyDemocracy.
Investors and shareholder organizations have formed a coalition in response to the Supreme Court decision that opened the door to corporate spending on political campaigns.
The U.S. Supreme Court decision ruling that struck down the government ban on political spending by corporations will shift the fight over campaign contributions to directors and shareholders, lawyer Theodore Olson predicts.
Leaders of two state pension funds asked the Securities and Exchange Commission to prevent companies from opting out of a proposed rule that would allow shareholders to nominate directors in corporate proxy materials, Pensions & Investments reported.
Hewlett-Packard Co.'s shareholders have approved a proposal that gives them a voice in executive compensation. The say-on-pay vote, which will be nonbinding, is set to begin at the 2011 shareholder meeting.
"This year could be a watershed for the dissidents looking to shake up companies," columnist David Weidner writes. "Technology has made it easier for shareholders to come together and vote" in greater numbers and with more coordination than ever.
After fumbles at Bank of America and Lazard, CEO succession planning is on many shareholders’ minds. The Laborers' International Union of America is sponsoring resolutions that call for the adoption and disclosure of written, detailed CEO succession policies.
Richard J. Sandler , a partner at Davis Polk & Wardwell LLP, reviews financial reform legislation proposed by U.S. Senator Christopher Dodd.
Goldman Sachs Group Inc. lost its bid to exclude a proposal on executive compensation from its upcoming annual proxy filing, according to a response from U.S. securities regulators.
Shareowners.org commended U.S. Senator Christopher Dodd's financial reform legislation. The group praised provisions that would give investors the right to place director nominees on a company's proxy and require annual advisory votes on executive pay.
The California Public Employees’ Retirement System voted to ease limits on the number of shareholder proposals its staff can pursue as it prepares to challenge the way some companies elect directors.
Cedar Fair LP postponed its unitholder meeting until April 8 to solicit more votes, giving unitholders time to consider a $2.4 billion merger.
General Mills Inc. shareholders will voice their opinions on executive pay -- in even-numbered years. Investors last fall passed a say-on-pay resolution, seeking an advisory vote at each annual shareholders meeting. The General Mills board has agreed to allow a vote on executive compensation, but not every year.
Senate Banking Committee Chairman Christopher Dodd unveiled his plan to overhaul the rules governing financial institutions. The package would give shareholders the right to cast nonbinding votes on executive pay packages.
