On Thursday March 5th proxy advisor Glass Lewis held a conference call to discuss proxy access, i.e. the right for shareholders to place their director nominees on company proxies, instead of having to pay for a separate proxy and solicitation.
The New York City Comptroller, Scott Stringer has taken the lead on proxy access this year with his Boardroom Accountability Project and the introduction of 75 proxy access proposals.
Since proxy access is the most critical issue facing companies and shareholders, including shareholders at Apple this morning, I wanted to link readers to this important call.
Speakers included:
- Michael Garland, Assistant Comptroller, Corporate Governance and Responsible Investment, New York City Comptroller
- Donna Anderson Vice President and Corporate Governance Analyst, T. Rowe Price
- Bess Joffe, Managing Director & Head of Corporate Governance, TIAA-CREF
- Anne Simpson, Senior Portfolio Manager and Director of Corporate Governance, CalPERS
- Robert McCormick (Moderator), Chief Policy Officer, Glass Lewis & Co.
Download the Replay (audio only)
About Proxy Talk: Glass Lewis’ Proxy Talk provides a forum for institutional investors to exchange views on proxy-related issues. Exclusively for Glass Lewis clients and invited guests, Proxy Talk conference calls feature roundtable discussions and guest-speaker presentations on important corporate integrity issues, mergers and acquisitions, control contests, SEC developments and policies, and new legal requirements, among other topics. Glass Lewis analysts also will preview key proposals to watch for in upcoming proxies and address questions about the findings of recent Proxy Paper reports.
Listen to previous Proxy Talk forums. Read Glass Lewis’ Blog. Become a Glass Lewis client.
Be sure to catch TheCorporateCounsel.net’s webcast on March 24th – “Proxy Access: The Halftime Show” – during which Morrow’s Tom Ball, Davis Polk’s Ning Chiu, Covington & Burling’s Keir Gumbs, Gibson Dunn’s Beth Ising and Sullivan & Cromwell’s Glen Schleyer will analyze how companies decided to handle the new wave of proxy access shareholder proposals. I can’t wait. The more discussion on proxy access the better.
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