Independent Chair Proposal Gets Majority Support at Boeing

John Chevedden’s shareholder proposal gets majority support: On Monday, [Boeing] shareholders also narrowly approved a measure backing a policy requiring an independent board chairman. Boeing has had a separate chairman and chief executive since October. Boeing said each of the company’s 12 board nominees received a majority of votes from shareholders, though five directors got…

Time for GE to Split Up the CEO-Chairman Job? | Directors and Boards

VEA Vice Chair Nell Minow, writing with Allan Grafman in Directors and Boards, says it is time for GE to have an independent board chair. At April’s annual meeting, General Electric’s leadership got an earful from retirees, employees and shareholders about the company’s financial woes, with one investor calling the once preeminent Blue Chip company…

CalSTRS Letter to Bank of America on Chairman/CEO Split

September 1, 2015 Mr. Jack O. Bovender, Jr. Lead Director Bank of America Corporation Hearst Tower 214 North Tryon Street, NC-027-18-05 Charlotte, NC 28255 Dear Mr. Bovender, We are writing to you on behalf of the members of the California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirements System (CalPERS). Together, CalSTRS…