Proxy Preview: Record Votes for ESG Proposals

The Proxy Preview team today released highlights of the unprecedented 2021 proxy season, which saw nearly three dozen majority votes for disclosure and action on environmental, social, and sustainable governance (ESG) shareholder resolutions. To date, there have been 34 majority votes for ESG proposals, shattering last year’s record of 21. More are likely by year’s…

New York State Fund’s Best Results Ever on Political Spending Proposals

In more than a decade of pushing companies to disclose their political spending, the New York State Common Retirement Fund has never had a year like this. The nearly $250 billion pension fund faced off in early May against Duke Energy Corp. DUK, 0.08%, whose board of directors opposed the New York fund’s proposal asking…

Record Shareholder Votes on ESG Proposals: As You Sow

As You Sow reports: 81% of DuPont shareholders want action on plastic pellet pollution! This vote is the highest ever shareholder vote on an environmental resolution opposed by company management. Pre-production plastic pellets are the 2nd largest source of ocean plastic pollution. 98% of General Electric shareholders voted in support of our resolution on the company’s plans to achieve net-zero…

Investor Advocates Urge Congress to Overturn SEC’s Shareholder Proposal Rule

VEA Vice Chair appeared with a distinguished panel of investor advocates to brief Senate staffers this week on the SEC’s appalling new rule restricting shareholder proposals. The rulemaking process violated the Administrative Procedure Act and cost-benefit guidelines. Other panelists were Josh Zinner of ICCR, Brandon Rees of AFL-CIO, and Kyle Seeley of the New York…

Companies Agree to Support Paris-Aligned Climate Policy | ICCR

Building on the groundbreaking majority vote in support of a proposal on climate lobbying at Chevron’s 2020 annual meeting, investor members of the Interfaith Center on Corporate Responsibility are announcing agreements reached with five companies on similar proposals requesting a report on if and how the companies’ lobbying activities (direct and through trade associations) align…

EY: Top Priorities for Investors in 2021 Proxy Season

EY advises its clients that the top priorities for engagement by investors this proxy season are: Investors want to know how companies are strategizing for a low-carbon future. Getting diversity disclosures that include the workforce and the board is an investor priority. Investors want to understand how pay decisions are being made in the context…

Sen. Sherrod Brown wants to use ‘Congressional Review Act’ to overturn Trump-era financial rules – cleveland.com

U.S. Sen. Sherrod Brown is using his chairmanship of the U.S. Senate committee that oversees the banking system to overturn regulations the Trump administration passed in its waning days that he views as anti-consumer…. Brown also introduced a resolution to overturn procedures the Securities and Exchange Commission finalized late last year that affect how shareholders…