CII Study on Shareholder Proposal Resubmission Thresholds

CII has responded to questions about whether the current SEC rules on the level of support required to resubmit a shareholder proposal should be raised with a new study. The findings: • The vast majority of shareholder proposals satisfy the current resubmission thresholds of 3%, 6% and 10%. About 95% of proposals are eligible for…

James McRitchie: Proxy Roundtable Comment Letter

Corpgov.net‘s James McRitchie, one of the most knowledgeable and effective individual investors, has submitted an exceptionally thoughtful and well-informed comment to the SEC. Many thanks for his gracious permission to publish it in full. Final comment letter to the SEC on Shareholder Proposals, re File Number 4-725, including 11 recommendations highlighted on bold. Mr. Brent…

Protecting the Shareholder Proposal Process — As You Sow

Rosanna Weaver at As You Sow writes about the shareholder proposal section of last week’s SEC Proxy Roundtable. An excerpt: Looking back over time, the shareholder resolution system works. So why these discussions again? In great part, it is because the system has been effective in raising social and environmental issues to the fore and…

‘Main Street Investor’ Coalition Aims to Undermine Shareholder Rights | Ceres

CERES CEO and President Mindy Lubber responds to the corporate-funded, lobbyist led Main Street Investors Coalition: Climate change, water scarcity and pollution, and other sustainability threats can pose significant material financial risks to many companies, particularly in industries like oil and gas, electric power, insurance, food and beverage, transportation and agriculture. Investors, as well as…

Proxy adviser ISS backs call for gun safety report at Sturm Ruger | Reuters

ISS and Glass-Lewis both recommended votes in favor of a proxy proposal calling for a report on gun safety. Proxy adviser Institutional Shareholder Services on Wednesday recommended investors vote to support a shareholder proposal calling for gunmaker Sturm Ruger & Co to report on gun safety, which could put new attention on so-called “smart gun”…

Verizon’s retiree shareholders seek to block above-market executive pay, punish misconduct | FierceTelecom

Verizon’s activist retirees have launched two proxy proposals on this year’s ballot for the annual shareholders’ meeting in an effort to keep the telco’s executive management team more accountable.One of the proposals calls to claw back earnings from executives whose conduct harms shareholders, while another prohibits above-market earnings for senior executives on certain retirement and…

ICCR Proxy Proposal Voting Guide 2018

ICCR’s proxy voting guide is an essential resource, with information on all of its members’ shareholder resolutions for the 2018 proxy season. They include 61 resolutions on climate change, 57 on inclusiveness/diversity, 45 on lobbying and political contribution disclosure, 26 on human rights/trafficking, 25 on corporate governance, 23 on environment/sustainability, 12 on health, 8 on…