The audit committee chairman at the nation’s largest bank is facing scrutiny over his allegedly poor oversight of a racial equity audit. In an April 18 letter to JPMorgan Chase & Co. shareholders, SOC Investment Group urged investors to oppose the reelection of Timothy P. Flynn, a director at the bank and chair of its…
Tag: no votes
“Name and Shame” Individual Directors on Climate Failures
Investor group Climate Action 100+ and shareholder advocacy organization Majority Action this month published lists of individual board directors whom the groups are recommending investors vote against during this year’s proxy season. The campaigns kick into high gear this month. Socially responsible investors, as well as major pension funds, have publicly called out board members…
UK pension funds target BP and Shell directors over climate goals- FT | Reuters
Two of the UK’s largest pension schemes will vote against the renewal of top directors at BP Plc (BP.L) and Shell Plc (SHEL.L) at their annual meetings unless both companies strengthen commitments to tackling carbon emissions, the Financial Times reported on Sunday. The plan by Britain’s Universities Superannuation Scheme (USS) and Borders to Coast, which…
More Investors Vote Against Corporate Directors Over Climate Change – WSJ
Investors are increasingly voting against the election of corporate directors to get companies they see as laggards on climate change to raise their ambitions. So far this year, investors have cited climate change as a reason for opposing the election of a management-backed director at 225 U.S. companies, up from 157 in 2021 and 83…
Vote-No Campaigns: Foreboding or Fizzled? — Agenda
Fed up with what they say is board inaction, investors launched high-profile campaigns this proxy season against the reelection of board members at companies including Amazon, Chevron, Meta Platforms, Twitter and Wendy’s. Additionally, companies including Activision Blizzard face vote-no campaigns in upcoming meetings.Though the campaigns so far had little impact on average support levels for…
Agenda – Director Support Sinks on ESG Concerns
Directors saw lower reelection support this year during a proxy season in which investors showed unprecedented focus on environmental, social and governance issues. More directors received less than 70% support during this year’s proxy season compared to last year’s, according to data provided to Agenda by the Conference Board and AI analytics firm Esgauge. Similarly,…
ValueEdge Advisors 