UAW Proposal on Clawbacks Endorsed by Mylan Shareholders 

In a non-voting discussion item, shareholders supported a proposal by the United Auto Workers Retiree Medical Benefits Trust for Mylan to strengthen its clawback policy for senior executive incentive pay.The executive compensation vote is called Say on Pay. In its proxy statement, Mylan said,  “Although advisory and not binding, the Compensation Committee and the board…

Jesuits Get Majority Vote at Private Prison Company

The Jesuits West Province recently helped pass a shareholder resolution to hold GEO Group, one of the largest for-profit prison and detention center operators in the U.S., accountable for human rights and treatment of detainees. Working in partnership with investors and members of the Interfaith Center on Corporate Responsibility (ICCR), the Jesuits requested that GEO…

UCF Leads a Resolution that Generates 79.7% Support from Shareholders « United Church Funds

United Church Funds (UCF) is celebrating the very successful campaign at pharmaceutical company Mallinckrodt, where a resolution that UCF sponsored on lobbying disclosures generated 79.7% support from the company’s shareholders.United Church Funds and Investors for Opioids Accountability (IOA) members congratulate Mallinckrodt for supporting the shareholder proposal regarding a report on lobbying activities and agree with…

Amazon faces an enormous slate of shareholder proposals for the first time – CNN

Amazon received more resolutions than any other company this year, according to a count by Alliance Advisors. Although a few were either withdrawn by their proponents or excluded with the permission of the Securities and Exchange Commission, shareholders still will vote on 12 measures at Amazon’s annual general meeting on Wednesday, on issues ranging from…

Despite SEC Action, Shareholders Push ExxonMobil for Progress on Climate Change

They can run, but they can’t hide. Efforts by ExxonMobil to squelch shareholder initiatives on climate change have led to escalation, including a high-visibility call to withhold votes for the nominees for the company’s board. Directors at Exxon Mobil Corp. are facing a withhold campaign from two institutional shareholders alleging the energy company has failed…

Catholic Shareholder Activists Challenge Private Prison System | Sojourners

A shareholder proposal from a Catholic group has led to an agreement from the management and board of a corporation that operates private prisons. But the proponents are not sure how significant that agreement will be. These findings were detailed in “Proposal 4” on the proxy statement that GEO published ahead of the shareholders meeting….

Shareholder Proposal Calls on Exxon to Disclose Lobbying Expenses and Policies

To ExxonMobil Shareholders: The United Steelworkers International Union (USW) urges shareholders to vote FOR Item 10, Report on Lobbying at the ExxonMobil Shareholder Meeting on May 29, 2019. The proposal, Item 10, calls on ExxonMobil to prepare a report, to be updated annually, disclosing: 1) ExxonMobil’s policies and procedures governing lobbying, both direct and indirect,…

A Professor Filed a Shareholder Lawsuit to Restrict Shareholder Rights

“An enormous zeal for the overdog” — a good description of this effort to get the shareholders of J&J to waive their right to file shareholder lawsuits — permanently. Over the past two years, some senior officials at the Securities and Exchange Commission have indicated that they would be open to corporations foisting mandatory arbitration on…