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 […]
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 […]
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 […]
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…)
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
#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 […]
Spring 2021 CorpGov.net Proxy Proposal results are in, as reported below. New SEC rules will delay needed ESG reforms, so we worked in cooperation with more groups and filed more proposals than ever. We still averaged more than a 50% vote in favor. (more…)
Corporate Accountability Fall 2021: Restoring the Balance. This is your chance to discuss the issues with Nell Minow, Michae O’Leary, Andy Behar, Josh Zinner, Doug Chia, Bruce F. Freed, Heidi Welsh, Jon Lukomnik, Tim Smith, Christina Sautter, Rick Alexander, Karen E. Woody, Sanford Lewis. Spring will include Leo Strine Jr, Brandon Rees, Jackie Cook, David […]
Accountable may be an exception. Not many books on capitalism and corporate governance have the potential to spread like a meme. O’Leary and Valdamanis have a rare talent for using memorable terms like the Two-Buffett Paradox, Fiduciary Absolutism, and Milgram-Nixon Syndrome. Buy it on Amazon and I might get a few cents for the referral. I […]
Moving Beyond Modern Portfolio Theory: Timeliness In the spirit of Kuhn, this book eviscerates modern portfolio theory, arguing for a more systemic approach centered around human values and intentionality. I had similar nascent thoughts in 1967 when I concluded economics, based on “rational” actor assumptions of homo economicus, was not grounded in science. Lukomnik and Hawley aptly […]
Electronic Arts 2021 proxy claims my proposal for written consent is “unnecessary and moot,” given their proposal on the same topic. But their proposal is a Trojan Horse, meant to deceive investors. They are gaming their investors. This ethical lapse is troublesome, as discussed below. Electronic Arts 2021 annual meeting is August 12, 2021 (Thursday), 2:00 pm (Pacific). To […]
Academy of Management 2021, #AOM2021. I was a discussant at a symposium entitled, Synergizing Corporate Activism Research: Building a Shared Understanding of an Evolving Phenomenon (session 913) This post is mostly for my future reference but readers may also find parts interesting. I welcome contact from those attending #AOM2021 who are interested in collaborating with investors. […]
Procter & Gamble employees, do you have a reasonable degree of control over your work and the strategic direction of your Company? Management tells me Procter & Gamble employees have a “significant influence” on Company practices. They have ample opportunity to share perspectives with each other, managers, and the Board. Specifically, they cite the P&G […]
Veeva Systems 2021 annual meeting is June 23, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. To participate, you will need the 16-digit control number provided on your proxy card or voting instruction form. I recommend voting in advance. Enhance long-term value. Vote AGAINST Gordon Ritter, the […]
Pegasystems 2021 annual meeting is June 22, 7 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. To participate, you will need the 16-digit control number provided on your proxy card or voting instruction form. Of course, I recommend voting in advance. To enhance long-term value. Vote AGAINST Gyenes, […]
Restore shareholder proposal rights to the pre-Trump era level. That is the objective of the complaint (pdf 2021 06 15 ICCR Complaint) filed this morning in the U.S. District Court for the District of Columbia challenging the Securities and Exchange Commission (SEC’s) recent amendments to the rule governing the filing of shareholder proposals. The revised […]
Impinj 2021 annual meeting is June 10, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will need the 16-digit control number provided on your proxy card or voting instruction form. I recommend voting in advance. Enhance long-term value so that Impinj lives up to its full […]
Redfin 2021 annual meeting is June 9, 8:30 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. Bring the 16-digit control number from your proxy card or voting instruction form. I recommend voting in advance. To enhance long-term value. Vote AGAINST Ligon and Slavet; FOR Auditor, Pay and Transition to […]
Alarm.com Holdings 2021 annual meeting is June 9, 6 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will need the 16-digit control number provided on your proxy card or voting instruction form. Warning: You will need to obtain a legal proxy and upload it at least 2-3 […]
Caterpillar 2021 annual meeting is June 9, 6 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here (Password: CAT2021). To participate, use the 16-digit control number provided on your proxy card or voting instruction form. I recommend voting in advance. To enhance long-term value. Vote AGAINST Dickinson, Reed-Klages, Rust, Schwab, […]
Invitae 2021 annual meeting is June 7, 4 PM Pacific Time. To attend, vote, and submit questions during the NVTA Annual Meeting visit here. To participate, use the 16-digit control number provided on your proxy card or voting instruction form. I recommend voting in advance. To enhance long-term value. Vote AGAINST the Auditor. Vote FOR […]
Netflix 2021 annual meeting is June 3, 3 PM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. To participate, you need the 16-digit control number provided on your proxy card or voting instruction form. Of course, I recommend voting in advance. To enhance long-term value. Vote Against all directors, auditors, […]
Yelp 2021 annual meeting is June 3, 9:30 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. To participate, you need the 16-digit control number provided on your proxy card or voting instruction form. Of course, I recommend voting in advance. To enhance long-term value. Vote AGAINST Hu, Wells, Auditor, […]
2U 2021 annual meeting is June 3, noon Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You need your control number. I recommend voting in advance. To enhance long-term value. Vote AGAINST all directors, Pay, Auditor; FOR Elect All Directors Annually. (more…)
Alphabet 2021 annual meeting is June 2, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You must have your 16 digit control number. I recommend voting in advance. To enhance long-term value. Vote AGAINST Doerr, Ferguson, Hennessy, Mather, Shriram, Washington, Auditor, Stock Plan, #9. Vote FOR all […]
Biogen 2021 annual meeting is June 2, 6 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will need your 16-digit control number. I recommend voting in advance. Enhance long-term value. Vote AGAINST Auditor, Pay, all directors except Mantas. Vote For: Forum Selection, Reports on Lobbying, Gender Pay Gap. […]
Axon Enterprise 2021 annual meeting is May 27, 10 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will need your control number. Vote in advance. You may not have time at the meeting. Enhance long-term value. Vote WITHHOLD Carmona, Cullivan, and Kalinowski, Auditor; For Pay, increase number […]
BlackRock 2021 annual meeting is May 26, 5 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting, visit here with your control number. I recommend voting in advance. To enhance long-term value. Vote AGAINST Ford, Einhorn, Johnson, Mills, Nixon, Domit, Pay, Auditor. Vote FOR Convert to Public Benefit Corporation. (more…)
Facebook 2021 annual meeting is May 26, 10 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You also need your control number. To enhance long-term value vote AGAINST Alford, Andreessen, Houston, Sandberg, Thiel, Zuckerberg Auditor, Pay, Director Compensation. Vote FOR Dual-Class Capital Structure, Independent Chair, Address Child Exploitation, Human/Civil […]
True Shareholder Democracy? Jeff Sommer at the New York Times thinks he’s glimpsed the future. (A Glimpse of a Future With True Shareholder Democracy) He is off the mark but focuses on a fundamental issue, John Coates’ The Problem of Twelve. Should twelve people control US public companies? True Shareholder Democracy? More important than INDEX’s […]