The Prescience of 5% of Investors: A Monsanto Case Study

Even though a proposal receives only a fraction of shareholder support, it may still be the best available opportunity to bring more foresight to investors, board, and management on an issue that may eventually prove costly to a company. Only a small portion of investors may be exercising prescience on risk management or governance issues…

Wachtell Lipton Discusses the State of Play in Activism | CLS Blue Sky Blog

The most powerful law firm representing corporate management gives their perspective (sometimes self-serving as exaggerating threats leads to higher fees) on the challenges/threats faced by corporate insiders: The threat of activism remains high, and has become increasingly global. Activist assets under management remain at elevated levels, encouraging continued attacks on many large successful companies in…

Can Shareholders Make Guns and Gun Companies Safer?

VEA Vice Chair Nell Minow writes on Medium: In May, I wrote about shareholder initiatives at gun manufacturer Sturm, Ruger & Company to improve the board of directors and get better information about safety measures and mitigation of harm associated with company products, including efforts to improve gun safety and assessment of the corporate reputational…

Main Street Investors: Now They’re Just Desperate (Are There Too Few IPOs?)

The Main Street Investors Coalition can no longer argue that they have any connection to Main Street or investors as we have repeatedly made clear in articles, news stories, blog posts, and responses to their tweets, that they are a fake dark money front group funded by corporations, including the National Association of Manufacturers, and…

KraftHeinz Becomes Fourth Big Company to Agree to As You Sow’s Request for Action and Timeline on Recyclable Packaging — As You Sow

Following engagement with As You Sow, food and beverage giant KraftHeinz, the third largest U.S. food and beverage company, has committed to make 100% of its packaging recyclable, reusable, or compostable by 2025….KraftHeinz is the fourth largest consumer goods company to make a significant commitment to recycling packaging following engagement with As You Sow.  In…

Shareholders Bring Gun Safety Issues to the Boardroom

The post-Parkland move to bring the United States to the sensible gun safety rules adopted by other countries has now moved from protests and politics to where the money is, the corporate executives and directors who run the companies that manufacture and sell guns and determine the millions of dollars the NRA spends on political…

Activist/Impact Investing: Zevin Asset Management

Zevin Asset Management issued a new report about its activist initiatives.  An excerpt (emphasis added): When Congress failed to respond to the mass shooting in Parkland, Florida, the conversation shifted to whether financial companies would act to address risks. In March, Zevin Asset Management joined with other investors to denounce gun violence and define the…

Pension Fund Charges Netflix With Rigging Executive Bonuses

A federal lawsuit filed in the US District Court in San Francisco accuses Netflix of giving undeserved “sham” bonuses to top executives so that the company could take advantage of a prior tax loophole. The pension fund lawsuit was filed by the City of Birmingham Relief and Retirement System, one of the company’s shareholders. The…