Fox faces vote on lobbying proposal | Corporate Secretary

The SEC has given the green light for shareholders in Fox Corporation to vote this fall on a proposal regarding the company’s lobbying activities. The proposal, filed by Kenneth Steiner on behalf of John Chevedden, requests that Fox prepare an annual report disclosing: Company policy and procedures governing direct and indirect lobbying and ‘grassroots lobbying…

Agenda – Investors To Back Off Say-on-Climate Proposals

What Agenda calls backing off may just be a shift in response to the forthcoming SEC rulemaking on climate disclosure. Last year CIFF, along with several supporting partners including CDP, the nonprofit formerly known as the Carbon Disclosure Project, and ESG charity ShareAction, began a new, three-pronged initiative to push companies in the U.S. and…

Activist Shareholders Score Wins on Election Spending After Riot

“Increased political polarization, the 2020 Election, and the January 6th attack on the Capitol, have shown companies that spending corporate dollars on political causes is risky business,” [Thomas] DiNapoli said in a statement to Bloomberg Law. The trend is expected to continue as activist shareholders vow to make sure that companies stay true to their…

Proxy Preview: Record Votes for ESG Proposals

The Proxy Preview team today released highlights of the unprecedented 2021 proxy season, which saw nearly three dozen majority votes for disclosure and action on environmental, social, and sustainable governance (ESG) shareholder resolutions. To date, there have been 34 majority votes for ESG proposals, shattering last year’s record of 21. More are likely by year’s…

New York State Fund’s Best Results Ever on Political Spending Proposals

In more than a decade of pushing companies to disclose their political spending, the New York State Common Retirement Fund has never had a year like this. The nearly $250 billion pension fund faced off in early May against Duke Energy Corp. DUK, 0.08%, whose board of directors opposed the New York fund’s proposal asking…

Record Shareholder Votes on ESG Proposals: As You Sow

As You Sow reports: 81% of DuPont shareholders want action on plastic pellet pollution! This vote is the highest ever shareholder vote on an environmental resolution opposed by company management. Pre-production plastic pellets are the 2nd largest source of ocean plastic pollution. 98% of General Electric shareholders voted in support of our resolution on the company’s plans to achieve net-zero…

Investor Advocates Urge Congress to Overturn SEC’s Shareholder Proposal Rule

VEA Vice Chair appeared with a distinguished panel of investor advocates to brief Senate staffers this week on the SEC’s appalling new rule restricting shareholder proposals. The rulemaking process violated the Administrative Procedure Act and cost-benefit guidelines. Other panelists were Josh Zinner of ICCR, Brandon Rees of AFL-CIO, and Kyle Seeley of the New York…