The AFL-CIO released its 2010 Key Votes Survey report on investment manager proxy voting. They also released an updated list of AFL-CIO Key-Votes-as-of-Feb-4-2011 for the current proxy season. Upcoming votes include those at Apple on CEO succession planning (item 5) on February 23, Navistar on golden parachutes (item 6) on February 15, and Whole Foods […]
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When some 10,000 union members and activists march on Wall Street April 29, they will be joined by “virtual marchers” demanding an end to Big Banks’ reckless practices and insisting on real Wall Street reform. The AFL-CIO will print the name and personal message of virtual marchers on stickers that marchers will carry to insist […]
Additions to the 2010 Key Votes include a proposal at Goldman Sachs on political contributions disclosure and a proposal at Chesapeake Energy to prohibit margin trading by executives. The list of votes for the AFL-CIO Key Votes Survey is current as of April 8, 2010 and will be updated as the proxy season commences.
Since 1997, the AFL-CIO’s Key Votes Survey has helped pension fund trustees fulfill their fiduciary obligations to monitor their investment managers’ proxy voting performance. The proposals included in the Key Votes Survey are submitted by a variety of union-sponsored and public pension funds, employee shareholders and other investors and are consistent with the AFL-CIO Proxy […]
Yippee-i-o-ki-ay! From the conference flyer, I half expected Will Pryor, Director of the IAFF Local 1014 and conference “go-to” guy, to show up in chaps, especially with his e-mail encouraging attendees to dress casually. Well, maybe next year. Suits and jackets prevailed in the fashion arena but there was little in the way of pretense […]
Delaware Court of Chancery has made important rulings concerning stock option plans for directors and the issuance of stock to directors in Noerr v. Greenwood and Linton v. Everett. According to Edward P. Welch and Andrew J. Turezyn, the cases “counsel directors and their legal advisors to consider carefully such issues as fairness, disclosure to […]