Fair elections have long been a major concern. When I started CorpGov.net in 1995, most directors were probably chosen by CEOs. Elections resembled those of North Korea. Vote for management’s slate or withhold your vote. Fair elections? I didn’t think so. My friends toiled mostly in socially responsible investments, focused on double bottom line impacts and […]
Tesla 2022 annual meeting is August 4, 2022, at 2:30 am Pacific. It is hybrid, both live and virtual, on the Computershare platform. Of course, I recommend voting in advance, especially since they make it difficult to vote at the meeting and maybe even to enter. Enhance corporate governance and long-term value. Vote Against both directors, 2-year […]
Redfin 2022 annual meeting is June 14, 2022, at 10:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I (James McRitchie) recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Julie Bornstein, Selina Tobaccowala; […]
Exact Sciences 2022 annual meeting is June 9, 2022, at 8:00 am Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I (James McRitchie) recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Petrovic, Zanotti, Omnibus Stock Plan; […]
2U 2022 annual meeting is on June 8, 2022, at noon Pacific. It is a virtual-only meeting on the Broadridge platform. Of course, I recommend voting in advance, especially since many companies cut off voting as soon as proposals have been presented. To enhance corporate governance and long-term value, vote Against Coretha Rushing and Pay. Vote FOR […]
Lantheus Holdings 2022 annual meeting is on April 28, 2022, at 7:00 am Pacific. To attend the meeting virtually on the Mediant platform you will need to register in advance using your proxy control number. Be prepared to provide broker name, number of shares held as of record date, etc. You also have the opportunity to ask questions. […]
Amazon Plays April Fools Joke with shareholders. I am not laughing. Amazon’s preliminary proxy of April 1 fails to include my proposal and others where Amazon filed no-action requests with the SEC. My proposal is aimed at disclosing the Company’s distribution of stock-based incentives throughout the workforce as a first step in addressing wealth inequality. Failing to disclose pending proposals that […]
Apple 2022 annual meeting is March 4, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will also need your voter control number. Of course, I recommend voting in advance. To enhance corporate governance and long-term value, vote Against Gore, Jung, Levinson, Sugar, Auditor, Exec Pay, Stock […]
FactSet 2021 annual meeting is December 16, noon Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will also need your 16-digit control number. Of course, I recommend voting in advance. To enhance corporate governance and long-term value, vote Against Zimmel, For all other items, including Shareholder Proxy Access. […]
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 […]
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 […]
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 […]
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…)
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 […]
Amazon 2021 annual meeting is May 26, 9 AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit here. You will need the control number you got from ProxyVote or elsewhere. Amazon will limit questions to one per shareholder. Of course, I recommend voting in advance online by May 25. To […]
3D Systems 2021 annual meeting is May 18, 11 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 […]
United Parcel Service 2021 annual meeting is May 13, 5AM Pacific Time. To attend, vote, and submit questions during the Annual Meeting visit www.virtualshareholdermeeting.com/UPS2021. You will need your 16-digit control number found on your proxy card, voting instruction form, or the Notice of Internet Availability. Mine came by email. I recommend voting in advance. To […]
Empowering Employees 2021 through workers on boards, workers councils, director liaisons, and/or ESOP trusts. Help us move to more democratic workplace cultures. (more…)
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 […]
WD-40 2020, where employee voice and empowerment is on the ballot. The WD-40 2020 annual meeting is Tuesday, December 8th. To enhance long-term value, vote AGAINST the auditor and FOR all other items, including #4. $WDFC (more…)
Electronic Arts 2020 annual meeting is 8/6/2020 at 2PM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Coleman, Hong, Huber, Ubinas, Simonson, Probst, Ueberroth, Pay and Auditor. Vote FOR Written Consent. See list of all virtual-only meetings maintained by ISS. (more…)
Shareholder-Driven Stakeholderism (U of Chicago) by Cathy Hwang and Yaron Nili argues the Business Roundtable Statement of the Purpose of a Corporation should be seen as another way to entrench management, instead of disarming greedy profit-driven shareholders. Analysis of data, drawn from companies in the S&P 1500, found shareholders, not management, “have been the driving force behind […]
Illumina 2020 annual meeting is 5/27/2020 at 10AM Pacific, a virtual-only meeting. To enhance long-term value: Vote AGAINST Dorsa and Epstin, Auditor and Executive Pay. Vote FOR Political Disclosures. See list of all virtual-only meetings maintained by ISS. To have your vote count, vote by 5/26 or at the meeting on 5/27. (more…)
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. […]
Costco ESG momentum has improved. I submitted a shareholder proposal to help keep it on that path. The proposal would eliminate a corporate governance anomaly Costco has by virtue of being incorporated in the state of Washington, which allows articles of incorporation to provide that directors cannot be removed without cause by shareholders. (more…)
Mutual fund wars are fierce around pricing. What if competition was also fierce around proxy voting? Could that change the world? I certainly think so. My petition to the SEC could generate mutual fund wars around ensuring proxy votes align with investor values. (Rulemaking Petition for Real-Time Disclosure of Proxy Votes, SEC File 4-748, Jul. […]
SB 826 requires specified California-based public corporations to include women directors on their board. Sidley Austin LLP put out a bulletin on the topic. To ensure it receives widespread circulation, I am reproducing its main text below, with one minor change to break up an absurdly long sentence. (more…)
By August 31, 2018, California could become the first state in the nation with gender quotas to mandate publicly held companies that base their operations in the state to have women on their boards. The legislation—SB 826—will require public companies headquartered in California to have a minimum of one female on its board of directors […]
Tesla 2018 annual meeting is June 5, 2018. Tesla, Inc. (TSLA) designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States and internationally. If Tesla is to survive and thrive, it needs a more independent board. The vote of shareholders will be crucial in deciding Tesla’s future. Most shareholders […]
Nell Minow is one of my heroes. Her 1991 book with Bob Monks, Power and Accountability: Restoring the Balances of Power Between Corporations and Society, helped me give a name and framework to what I thought was the world’s most important overlooked problem — corporate governance. During the last 27 years, I have never met […]
Standing Voting Instructions: Empowering the Excluded Retail Investor by Jill E Fisch just could be the most important article on corporate governance this year… if it is widely read and acted on. Download at ecgi, Penn Law or SSRN. The above photo is from Small Investors Support the Boards. But Few of Them Vote, The New York […]
The new Equilar GDI (Gender Diversity Index) found it will take nearly 40 years for Russell 3000 boards of directors to reach gender parity. If the current rate of growth remains the same, Russell 3000 boards would reach 50% male and 50% female representation in Q4 2055. Diversity Forum I urge readers 5/10 join CalPERS […]