CalPERS Should Adopt IRV for Board Elections. That is the argument Randy Cheek and James McRitchie made in a draft rulemaking petition to the Board in a 9:24 AM email to board@calpers.ca.gov on 9/21/2022 under Government Code section 11340.6. As of the date of this post, the Board has yet to even acknowledge receipt. That feels […]
CalPERS investments underperform. CalPERS underperformed for a decade, investment chief says in pitch for more risk. The country’s largest public pension system earned an average of 7.7% per year on its investments over the last 10 years. That’s 1.2% less than a hypothetical peer should have expected to earn in the same time period. To remedy the […]
No Time to Vote According to ICCR Survey No Time to Vote, that’s my conclusion after reviewing data collected by the Interfaith Center on Corporate Responsibility (ICCR) from some of its members attending annual shareholder meetings so far in 2022. ICCR maintains an online survey that can be filled out by those attending annual meetings. […]
Musings Missed Musings; not all of mine got mentioned at the Forum. I had the distinct pleasure of being a panelist at the Public Funds Forum 2022 with Maine’s Treasurer Henry Beck and David Wescoe, Executive Director of the Texas Municipal Retirement System. Our topic was Best Practices in Fund Governance. I thought of several […]
Saving American Democracy in the Age of Citizens United, that’s the subtitle of a new book by Robert A.G. Monks entitled The Emperor’s Nightmare. The subtitle speaks to the book’s forward thrust. The title puts that in the context of a long journey in corporate governance by Monks. The cover of Power and Accountability in 1991 […]
Originally published as Larry Fink: Here’s Your Answer to the Despicable Letter from the GOP Attorneys General on Medium. The article is republished here with Nell Minow’s permission. James McRitchie, CorpGov.net’s publisher, added the photo above and probably made some unintentional formatting errors. (more…)
Electronic Arts 2022 annual meeting is on August 11, 2022, at 2:00 am Pacific. It is virtual, on the Broadridge platform. I (James McRitchie) recommend voting in advance. To enhance corporate governance and long-term value, vote Against Huber, Roche, Simonson, Ubiñas, Ueberroth, and Wilson, pay, auditor, and incentive plan. Vote FOR other Bruce, Gonzalez, lower special meeting […]
Tesla 2022 annual meeting is August 4, 2022, at 2:30 am Pacific. It is hybrid, both live and virtual, on the Computershare platform. Of course, I recommend voting in advance, especially since they make it difficult to vote at the meeting and maybe even to enter. Enhance corporate governance and long-term value. Vote Against both directors, 2-year […]
Hidden Agendas in Shareholder Voting (download). Join us at Corporate Accountability Forums to discuss that topic with authors Scott Hirst and Adriana Z. Robertson. Register to attend the Zoom session live on August 8, 2022, at noon Eastern time. Attending live will give you an opportunity to ask questions and influence the direction of future […]
nCino 2022 annual meeting is June 23, 2022, at 7 am Pacific. It is a virtual-only meeting on the Broadridge platform. I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Steven Collins, Spencer Lake, and pay. Vote FOR Majority […]
Nanostring Technologies 2022 annual meeting is June 17, 2022, at 9:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I (James McRitchie) recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Dana Rollison, William D. […]
Warnings: Blank Votes Be sure to vote for each item on the proxy. Any items left blank get automatically voted in favor of management’s recommendations. (See Broken Windows & Proxy Vote Rigging – Both Invite More Serious Crime). I have tried to get the SEC to require that blanks be counted as abstentions with no luck. […]
Redfin 2022 annual meeting is June 14, 2022, at 10:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I (James McRitchie) recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Julie Bornstein, Selina Tobaccowala; […]
Exact Sciences 2022 annual meeting is June 9, 2022, at 8:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I (James McRitchie) recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Petrovic, Zanotti, Omnibus Stock Plan; […]
Impinj 2022 annual meeting is June 9, 2022, at 9:00 am Pacific. It is a virtual-only meeting on the Lumi platform, requiring street name shareholders to obtain a “legal proxy.” I doubt anyone will go through that bother. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have […]
Caterpillar 2022 annual meeting is June 8, 2022, at 6 AM Pacific. It is a virtual-only meeting on the Compushare platform. Entry requires retail shareholders to obtain a legal proxy — a real hassle. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate […]
2U 2022 annual meeting is on June 8, 2022, at noon Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Coretha Rushing and Pay. Vote FOR […]
Invitae 2022 annual meeting is June 6, 2022, at 4:00 pm Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Eric Aguiar, Sean E. George, Pay: […]
Alarm.com Holdings 2022 annual meeting will be in-person only on June 2, 2022, at 9:00 am Eastern, 8281 Greensboro Drive, Suite 100, Tysons, Virginia. I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Clarke, Whall, auditor, pay; FOR #4 Proxy […]
Illumina 2022 annual meeting is May 26, 2022, at 9:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Guthart, Dorsa, Epstein, #5 Illusionary Special […]
Charles Schwab 2022 annual meeting is on May 17, 2022, at 11:30 am Pacific. It is a virtual-only meeting. Of course, I recommend voting in advance, especially since they have made it very difficult to vote at the meeting and maybe even to enter the meeting. To enhance corporate governance and long-term value, vote Against Ellis, […]
Stryker 2002 annual meeting is on April 25, 2022, at 6:30 am Pacific. It is a virtual-only meeting on the Broadridge platform. I recommend voting in advance. To enhance corporate governance and long-term value, vote Against Golston, Brainerd, Caforio, McCoy, auditor, pay; FOR enhanced proxy access. (more…)
Johnson & Johnson 2022 annual meeting is on April 28, 2022, at 7:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I recommend voting in advance, especially since they have made it very difficult to vote at the meeting and maybe even to enter the meeting. To enhance corporate governance and long-term […]
NCR 2022 annual meeting is on May 2, 2022, at 9:00 am Pacific Time. It is a virtual-only meeting on the Mediant platform. I recommend voting in advance, especially since they have made it very difficult to vote at the meeting and maybe even to enter the meeting. To enhance corporate governance and long-term value, vote AGAINST Begor, Farrington, […]
Kellogg 2022 annual meeting is on April 29, 2022, at 10:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I recommend voting in advance, especially since they have made it very difficult to vote at the meeting and maybe even to enter the meeting. To enhance corporate governance and long-term value, vote […]
Kenneth Steiner 2022 provides an update on his accomplishments of the last two years and a list of shareholder proposals for the upcoming 2022 annual meeting season. Since I last posted on CorpGov.net two years ago there have been enormous gains in shareholder rights and positive results from companies at which I have submitted stockholder […]
Lantheus Holdings 2022 annual meeting is on April 28, 2022, at 7:00 am Pacific. To attend the meeting virtually on the Mediant platform you will need to register in advance using your proxy control number. Be prepared to provide broker name, number of shares held as of record date, etc. You also have the opportunity to ask questions. […]
Presentation by Phone. John Chevedden recently reminded me, “I just got the first company to have a 2022 in-person annual meeting to give me a telephone number for my telephone presentation of my rule 14a-8 proposal.” (more…)
IQVIA Holdings 2022 made the list. Our company is near the top for ‘overpaid’ healthcare CEOs, number 20 of the 100 most overpaid CEOs. IQVIA Holdings 2022 annual meeting is April 12, 2022, at 9:00 am EDT at the Hilton Garden Inn Danbury, 119 Mill Plain Road, Danbury, Connecticut. Although IQVA is a healthcare company and we […]
Bruce Herbert on Vote counting, Chevron, and the changing tide of investor awareness. That’s a small fraction of Bruce Herbert’s focus at Newground Social Investment and some of what we will discuss on April 11, @ 11 am Pacific (2 pm Eastern). Register. CorpEngage.net houses links to scheduled Corporate Accountability Forums and a growing number of […]
Amazon Plays April Fools Joke with shareholders. I am not laughing. Amazon’s preliminary proxy of April 1 fails to include my proposal and others where Amazon filed no-action requests with the SEC. My proposal is aimed at disclosing the Company’s distribution of stock-based incentives throughout the workforce as a first step in addressing wealth inequality. Failing to disclose pending proposals that […]
Fund Votes 3/30/2022. Updated links to pre-disclosing funds like Norges and Trillium, which also include reasons for their proxy votes. NICE!
David Webber: Guest Speaker on Corporate Accountability Forums April 4, 10 am Pacific, 1 pm Eastern – Register David Webber Yesterday, David Webber discussed his comment letter on proposed DOL regulations, which failed to consider the jobs of the very workers who contribute to funds regulated by the Department, harming both the workers and the funds […]
Six New Rules of Business: Creating Real Value in a Changing World (Berrett-Koehler, 2021) is Judy Samuelson’s latest book. Fresh off her testimony to Congress on shareholder primacy, discuss the issues with Judy on Corporate Accountability Forums, Monday 3/28/2022 at 2 pm Eastern – Register now to participate. (more…)
In-Person-Only AGM constitutes a reckless disregard of covid risk, notes shareholder advocate John Chevedden, regarding Dover Corporation‘s (DOV) decision. U.S. health experts are warning an emerging, highly contagious Covid omicron variant, called BA.2, could soon lead to another uptick in domestic coronavirus cases. Corporate governance continues to evolve. In a letter to the SEC, Mr. Chevedden […]