Majority Voting 2021. Proxy proposals provide powerful tools to hold corporations accountable. YourStake.org is an online petition platform for financial advisors. The combined savings of many citizens make up the majority of investment into big companies. Companies already respond to big investors. Now they will respond to you if you let them know your concerns. Find a financial […]
CSPI adopts director majority vote standard in response to shareholder proposal filed by shareholder James McRitchie (the publisher of CorpGov.net). The SEC proposes supposed Modernization of Shareholder Proposal Rules to gag small shareholders. At least for now, we continue to file to make corporate governance more democratic. CSPI is one more example of success and meaningful […]
CSP Directors Majority Vote requested in shareholder proposal for 2020 proxy season. This should be an easy but meaningful ask. More than 91% of S&P 500 use that standard. CSP’s market cap is about $55M, so CSP is a very small but even a majority of small-caps use a majority vote standard when electing directors. […]
The Status of Proxy Access 2015: “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” – Winston Churchill This post is in response to a LinkedIn piece by Anthony Goodman of Tapestry Networks regarding the status of proxy access post […]
The Manhattan Institute‘s Proxy Monitor Project would call it another failure by a gadfly shareholder, since the Hain Celestial Group, Inc. (HAIN) filed for and obtained no-action relief with the SEC, allowing it to leave my proposal for a Majority Vote standard in uncontested elections off their proxy. There is no way it can now receive a majority vote from shareowners. […]
The State Board of Administration of Florida (Florida SBA) is the fourth largest public pension fund in the US and was early to announce their votes in advance of annual meetings. Those announcements can be found on the Florida SBA site, as well as on Proxy Democracy. The following is from a press release that Florida […]
This is the last in a three part series. See also Fiduciary Duty to Announce Votes (Part 1): Editorial Calls For Advanced Disclosure and Fiduciary Duty to Announce Votes (Part 2): Historical Background. Take Action: Ask your mutual fund, pension fund, and/or endowment to: Send you a copy of their proxy voting policies and their proxy […]