Some have argued that Ralph Nader started socially responsible shareholder activism with Campaign GM, when the group filed shareholder proposals to expand GM’s board to include consumer advocates and empower shareholders to place their board nominees on GM’s proxy ballot (proxy access). According to a recent article in the WSJ, the longtime consumer advocate is now putting […]
Tag Archives | Carpenters
Support Carpenters Petition SEC to Eliminate Withhold Authority
James McRitchie, 06/02/2011 ,
In a May 20th petition to the SEC, Ed Durkin of the Carpenters’ Union asks the SEC to eliminate the “withhold authority” voting option by amending Rule 14a-4(b)(2). The well reasoned and well documented 9 page petition includes an attached appendix listing 820 companies that have already adopted a majority vote standard, including (more…)