Can Facebook’s Board Be Honest With Its Shareholders?

From Jason Kint, is the CEO of Digital Content Next, a trade association representing publishers and Kathleen Day, an author and a former Washington Post business reporter who is a now full-time lecturer at Johns Hopkins University’s Carey Business School. Mark Zuckerberg and his fellow board members at Facebook—now calling itself Meta Platforms, Inc.– aren’t doing their job…

Shareholder Proposal at Home Depot on Political Spending Contrary to Stated Policies

A Home Depot shareholder proposal has been submitted to the SEC requesting that the company publishes a report, at least annually, “analyzing the congruence of political and electioneering expenditures during the preceding year against publicly stated company values and policies.” A proxy memo in support of the proposal from Tara Health Foundation cites data from…

AT&T Shareholder Resolution Calls Out PAC Spending ‘Incongruent’ With Stated Values Following Mass Donations to Anti-Democratic Lawmakers – Accountable.US

An AT&T Inc. shareholder resolution has been recently submitted criticizing the company’s “politically focused expenditures” that “appear to be misaligned with its public statements on Company values, views, and operational practices.” The resolution – which the AT&T Board of Directors “unanimously recommends” shareholders vote against during a May 19th shareholder meeting – cites research from…

Caterpillar Endorses As You Sow Climate Proposal

Caterpillar has recommended a vote in favor of the shareholder proposal on climate disclosures submitted by As You Sow. Resolved: Shareholders request that Caterpillar issue a report within a year, and annually thereafter, at reasonable expense and excluding confidential information, disclosing interim and long term greenhouse gas targets aligned with the Paris Agreement’s goal of maintaining…

Say on Climate: Investor Distraction or Climate Action? – MSCI

Investor engagement on climate change increased markedly in 2021. One key development was the emergence of say-on-climate votes: management-backed resolutions that ask shareholders to approve a company’s climate plan or climate-action report proactively, either on a one-time or recurring basis. In most cases, say-on-climate votes are nonbinding and advisory; even if a vote fails, the…

Shareholder Commons on the Upcoming Proxy Season

No one is doing more thoughtful work on shareholder engagement than The Shareholder Commons and we appreciate their discussion of their slate of shareholder proposals this year. Externalities Analyses: Shareholder Proposals for System Stewardship   Our 19 proposals focus on systematic risks, including antimicrobial resistance, declining public health, poverty wages, misinformation, climate change, and more….

Agenda – Investors Turning Up Heat on Political Spending

Companies heavily ramped up disclosures on political spending policies and oversight in 2021 as investors received massive support on shareholder proposals on the subject, according to an analysis of proxy voting trends. This year, boards should expect that pressure to rise even higher. With the midterm elections looming, boards need to ensure that directors have…

Agenda – Investors Share Plans for Next Proxy Season’s ESG Blitz

After a rousing engagement season this fall, investors and other governance observers are anticipating robust support for environmental, social and governance issues at next year’s annual meetings. Shareholders are focusing more keenly on environmental and social issues in engagement sessions than ever before, according to Agenda’s most recent reader survey. As investors zero in on…