Pensions and Investments reports on the top shareowner resolutions in 2010 (Right to call meetings leads proxy-season proposals, P&I Daily, 2/18/10)
- A proposal seeking a right of shareholders to call a special meeting was the leading shareholder proposal filed for the 2010 proxy season as of Feb. 1, with votes pending at 51 companies, according to tracking by RiskMetrics Group.
- A proposal on say on pay, or an annual shareholder advisory vote on executive compensation, is the next most frequently filed shareholder proposal, pending at 50 companies
- A call for reporting on corporate political spending, at 48 companies
- taking action on climate change, at 36 companies
- independent board chairman, at 34 companies
- reporting on environmental and other sustainability issues, at 28 companies
- ending a supermajority vote requirement for shareholder action, at 19 companies
- setting a retention period for stock awards, at 13 companies
- requiring annual election of directors, at 12 companies
- annual election of directors and promoting board diversity, each at nine companies;
- excluding the CEO on compensation committees, at eight companies;
- anti-gross-ups policy — opposing corporate reimbursements to executives to cover their tax liability on perquisites and other benefits — at six companies.
- CEO succession planning is pending at five companies
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