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David Webber - Working Class Shareholder

David Webber on The Rise of the Working-Class Shareholder

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 […]

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Six New Rules of Business With Judy Samuelson

Six New Rules of Business With Judy Samuelson

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…)

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In-Person-Only AGM Workers-Risk-of-COVID

In-Person-Only AGM: Reckless Disregard

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 […]

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Jackie Cook

Jackie Cook 3/21 on CEO Pay & Gender Parity

3/21 Jackie Cook: 1 pm Pacific, 4 pm Eastern – Register  Jackie holds the position of Director, Stewardship, Product Strategy & Development at Morningstar, leading Sustainalytics’ ESG Voting Policy Overlay service.  She previously held the role of Director of Investment Stewardship Research.  Her research covers investor active ownership practices, proxy voting trends, and corporate governance.  Jackie […]

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Equal Pay Day 2022

Equal Pay Day

Equal Pay Day is still needed to raise awareness. Of 57 companies examined in the Racial and Gender Pay Scorecard only seven — Pfizer, Mastercard, Bank of New York Mellon, Starbucks, Adobe, American Express, and Citigroup — get an “A,” while 24 companies receive an “F.” (more…)

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Agilent Technologies 2022

Agilent Technologies 2022 Proxy Votes

Agilent Technologies 2022 annual meeting is March 16, 2022, at 8:00 am Pacific. It is a virtual-only meeting on the Computershare platform. Of course, I recommend voting in advance, especially since they made it very difficult to vote at the meeting or even to enter the meeting. To enhance corporate governance and long-term value, vote Against the […]

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Leo Strine

Leo Strine: Corporate Accountability Forums 3/14/22

Leo Strine (Leo E. Strine, Jr.) is one of history’s most prolific legal scholars, especially on issues of corporate accountability. I have seen and heard him in many venues. Much like a rock star, he often comes out, blows our minds, and quickly exits the stage. On Monday (3/14/22), he will be our guest on […]

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Apple 2022 Annual Meeting

Apple 2022 Annual Meeting

Apple 2022 annual meeting is March 4, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will also need your voter control number. Of course, I recommend voting in advance. To enhance corporate governance and long-term value, vote Against Gore, Jung, Levinson, Sugar, Auditor, Exec Pay, Stock […]

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21st Century Investing

21st Century Investing

21st Century Investing: Redirecting Financial Strategies to Drive Systems Change is one book we hope investment fund trustees are reading and taking advice from. There are far too many green-washing funds trying to appeal to our green wishes. Money is flowing into ESG funds faster than ever. Many of us recognize that investing and shareholder advocacy […]

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2022 The 100 Most Overpaid CEOs

2022 The 100 Most Overpaid CEOs

2022 The 100 Most Overpaid CEOs (release). As You Sow and HIP Investor have done it again. Read it and weep. Then take action. Vote against these pay packages AND the compensation committee members. Also, vote for proposals aimed at disclosure and more equitable distribution of incentive shares. I filed several such proposals listed in […]

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2022 Corporate Accountability Forums

2022 Corporate Accountability Forums

2022 Corporate Accountability forums begin 2/22 at 11 am Pacific (2 pm Eastern) with Brandon Rees as our first guest speaker using our own Zoom account and registration process. Each session will last 60 or more, so everyone should get a chance to join the discussion. Flexibility is key, so meeting days and times will […]

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ICCR Proxy Resolutions and Voting Guide

ICCR Proxy Resolutions and Voting Guide

ICCR Proxy Resolutions and Voting Guide now includes all proposals filed so far for the 2022 season by Corporate Governance. I could not be more delighted, since this is the group that is most responsible for inspiring my own work! ICCR has published its Guide every year since 1974. The 2022 Guide discusses 436 resolutions filed by […]

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Reincorporate Apple - business-roundtable

Reincorporate Apple With Deeper Purpose

Reincorporate Apple with a deeper purpose. That’s what we’re asking for in shareholder proposal #5. We suggest some possibilities. Apple could seek to benefit employees and customers, society, and/or the environment. The Board would propose those deeper purposes and shareholders would then vote on them… if our shareholder proposal passes. (click below if you would rather […]

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2022 Corporate Accountability Forums Begin 2/22

2022 Corporate Accountability forums begin 2/22 at 11 am Pacific (2 pm Eastern) with Brandon Rees as our first guest speaker using our own Zoom account and registration process. Each session will last 60 minutes or more, so everyone should get a chance to join the discussion. Flexibility is key, so meeting days and times […]

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Incentive Shares

Incentive Shares: Meta, Amazon & Repligen Refuse to Say How Distributed

Incentive shares – shareholders have a right to know their distribution. Meta, Amazon, and Repligen argue against disclosure. Working mostly from the same template, they argue distribution of shares to employees is “ordinary business” and “does not focus on any significant policy issue that transcends the company’s ordinary business operations.” I submitted similar proposals to […]

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Don't Look Up on Netflix and Mr. Fink’s 2022 Letter

Mr. Fink’s 2022 Letter

Mr. Fink’s 2022 letter (link) repeatedly emphasizes the need for companies to have a clear “purpose,” a “north star,” that employees “understand and connect with,” as “your staunchest advocates.” How well does BlackRock do on that measure? BlackRock’s own purpose included in its articles of incorporations, “is to engage in any lawful act or activity for […]

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CorpGov.net 2021

CorpGov.net 2021 Review Looking Forward to 2022

CorpGov.net 2021. We said goodbye to the Trump administration, filed shareholder proposals, held weekly discussions on corporate accountability in 2021, helped shape the SEC’s repeal of several Staff Legal Bulletins, the proposed N-PX rulemaking, and sued the SEC to overturn rules that harm the rights of Main Street investors. It was a productive year at […]

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Enhanced Reporting of Proxy Votes

Enhanced Reporting of Proxy Votes: Comments Update

Enhanced Reporting of Proxy Votes by Registered Management Investment Companies; Reporting of Executive Compensation Votes by Institutional Investment Managers (link: Conformed to Federal Register version) File No: S7-11-21. Comments Due: December 14, 2021. Comments received are available. How to Submit Comments. Please submit a comment in support of this important rulemaking. Regulatory agencies typically continue to consider comments until rulemaking is finalized. […]

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FactSet 2021

FactSet 2021 Real Proxy Access

FactSet 2021 annual meeting is December 16, noon Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will also need your 16-digit control number. Of course, I recommend voting in advance. To enhance corporate governance and long-term value, vote Against Zimmel, For all other items, including Shareholder Proxy Access. […]

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Meta Platforms & ownership culture

Meta Platforms: Address Inequality Through Ownership Culture

Meta Platforms should address inequality by helping to establish an ownership culture where all Americans are shareholders with a voice in corporate activity, especially at corporations where they are employed.  Voting in favor of the shareholder proposal outlined below will send a message not only to Mark Zuckerberg but to all those who currently control […]

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Morse Code or Carrier Pigeon

Morse Code or Carrier Pigeon

Morse code or carrier pigeon submission requirements may be next. I’ll disguise the name of the high-tech Silicon Valley company, but here is how their representative responded to our emailed shareholder proposal and subsequent broker letter. Thank you for your email.  The broker letter was mailed to the proper address (and hardcopy mailing is the […]

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Clorox 2021

Clorox 2021: Increase Employee Voice

Clorox 2021 annual meeting is Wednesday, November 17, 2021 at 9:00 A.M. PST, virtually via https://meetnow.global/MNGZAZQ. You will also need your 15-digit control number. Of course, I recommend voting in advance. To enhance corporate governance and long-term value, vote AGAINST Auditor; FOR #5 Increase Diversity of Director Nominees – Include Non-Management Employees on Candidate List. (more…)

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Employee Ownership

Employee Ownership 2022 Proposals

Employee ownership is my next focus. Support for proposals in 2020 and 2021 to encourage companies to add workers to the board has been weak. It is time to reassess. My conversations with CalPERS were especially interesting. Directors I interviewed who were elected by the members favored our proposals. Staff, those charged with voting shares […]

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Procter & Gamble 2021 Without Worker Voice Compared to S&P 500

Procter & Gamble 2021: Worker Voice

Procter & Gamble 2021 annual meeting is October 12, 9AM Pacific Time. To attend the virtual meeting, you will need to visit www.virtualshareholdermeeting.com/PG2021 and use your 16-digit control number provided in the Notice or proxy card to log into the meeting. Of course, I recommend voting in advance. This proxy should have special significance to participants in […]

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Tesla 2021

Tesla 2021: Elect Each Director Annually

Tesla 2021 annual meeting is October 7, 2:30 PM Pacific Time. To watch the Annual Meeting visit here. To actually participate, such as voting and/or asking questions, you will need to obtain a legal proxy (instructions). Then you can attend here. At my broker, that means nullifying any vote already cast and trusting all the […]

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2021 Morningstar Investment Conference

2021 Morningstar Investment Conference

2021 Morningstar Investment Conference moved deeply into ESG impact investing but remained relatively light on voting advice and education. At least one panel and one speaker did focus somewhat on voting. Below are a few brief notes. Unusually, the 2021 Morningstar Investment Conference was held on the same days as the Fall CII Conference. (more…)

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Investors to FASB

Investors to FASB – Prioritize Public Country-by-Country Tax Reporting

Investors to FASB: We Need Tax Transparency Investors with over $2.9T in assets under management called on the Financial Accounting Standards Board (FASB) to prioritize public country-by-country tax reporting as part of FASB’s future standard-setting agenda. Signatories represented a broad coalition of asset managers, public pension funds, labor funds, international investors, foundations, and religious investors. […]

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FedEx 2021 Require Independent Board Chair

FedEx 2021 Require Independent Board Chair

FedEx 2021 annual meeting is September 27, 10AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will also need your control number. Of course, I recommend voting in advance. Enhance corporate governance and long-term value, vote AGAINST Griffith, Jackson, Martin, Ramo, Schwab, Steiner, Walshding, Pay and Auditor; FOR […]

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Aerovironment 2021

Aerovironment 2021: Elect Directors by Majority Vote

Aerovironment 2021 annual meeting is September 24, 9AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will also need your 11-digit voter control number and password AVAV2021 (case sensitive). Of course, I recommend voting in advance. To enhance corporate governance and long-term value, vote FOR all items, including Transition […]

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Worker Voice and the New Corporate Boardroom: Aspen Institute Business & Society

Worker Voice and the New Corporate Boardroom

Worker Voice and the New Corporate Boardroom is a new paper from the Aspen Institute Business & Society, based on a series of roundtables Idea Lab on Worker Voice in Corporate Governance. Whether the focus is on wages, worker health & safety or diversity, equity & inclusion, the year 2020 opened up new conversations about […]

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Corporate Governace Gaming for the Planet

Corporate Governance Gaming

 Corporate Governance Gaming: The Power of Retail Investors is delicious snacking, not just for Robinhood and Reddit GenZ’ers, but also for some Boomers who have tried to democratize corporate governance for decades. How many times have we rolled our eyes reading about GameStop and the frenzy of meme stocks? Crazy? Yes, but also exuding potential, explored […]

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Sharing Profits is Not Enough Professor Reich

Sharing Profits is Not Enough Professor Reich

Sharing Profits is Not Enough Professor Reich but you are getting warmer. Your hook was that Sears workers owned 25%. Then you imagine what that magnitude of ownership could mean at Amazon. The spoiler was you then began touting cash bonuses, rather than stocks. True, having ALL retirement tied to one stock is risky. That […]

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#FlushPGDirectors

#FlushPGDirectors For ESG Failure

#FlushPGDirectors is the creative hashtag used by a coalition calling on Procter & Gamble (Ticker: PG) to vote against Angela Braly and James McNerney, key Directors. This is because they have failed to address ESG human rights and environmental violations in supply chains. BlackRock, Vanguard, and State Street have made bold commitments to use their […]

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