Warnings: Blank Votes Be sure to vote for each item on the proxy. Any items left blank get automatically voted in favor of management’s recommendations. (See Broken Windows & Proxy Vote Rigging – Both Invite More Serious Crime). I have tried to get the SEC to require that blanks be counted as abstentions with no luck. […]
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 […]
CalPERS Votes Against Pay at More Companies Than Ever CalPERS votes against pay at 53% of companies during 2019 proxy season, truly setting an example with regard to stewardship around executive pay. That is up from 43% last year. I would be interested in an update of last year’s graphic (S&P 500 only, as above) […]
The CEO Pay Machine: How it Trashes America and How to Stop it (Amazon) by Steven Clifford should be mandatory reading for all compensation committees and those who vote proxies for large funds. The book is easily read and understood by the layperson. It also includes the fact-based evidence needed to convince fiduciaries that voting against […]