Tag Archives | Egan-Jones

BlackRock 2019 Proxy Voting Guide

BlackRock 2019 annual meeting is May 23. To enhance long-term shareholder value, vote AGAINST directors Murry Gerber; Jessica Einhorn; William Ford; Margaret Johnson, Cheryl Mills; Gordon Nixon; Ivan Seidenberg; and Marco Antonio Slim Domit, as well as pay and the auditor. Vote FOR shareholder proposals to report lobbying and move to a simple majority voting standard. Continue Reading →

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Kellogg 2019 Proxy Vote Recommendations

Kellogg 2019 annual meeting is April 26th. Stock price fared poorly for the last five years, so the CEO should not be paid as if he had average performance. Vote AGAINST pay. The Compensation Committee should not be reelected, since they recommended average pay for below average performance. Vote AGAINST Laschinger and Tasted. Vote AGAINST ratifying the auditor. They have served for more than seven years, so independence is questionable. Vote FOR declassifying the board, so that we can hold each member accountable every year.

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Discover 2019 Proxy Vote

Discover 2019 Proxy Vote Recommendations. The Discover Financial Services (DFS) 2019 annual meeting is May 16th. To enhance long-term shareholder value, vote AGAINST directors Aronin, Case, and Weinbach, as well as the auditor. Vote FOR pay, end supermajority standards and shareholder proposal to allow shareholder of 15% to call a special meeting. ABSTAIN on the board proposal allowing shareholders with 25% to call a special meeting. Continue Reading →

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Berry Global Group 2019: Proxy Votes

Berry Global Group 2019 annual meeting is March 6, 2019. To enhance long-term shareholder value, vote AGAINST Carl Rickertsen, Thomas Salmon and Scott Ullem, as well as auditor, pay and 25% threshold for special meetings.  Vote FOR 1 year frequency for say on pay and for shareholder proposal to provide a 15% threshold for special meetings.  Continue Reading →

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Real-Time Proxy Voting Disclosure Will Drive Competition

Real-time proxy voting disclosure by big funds could drive competition for investments from individual investors and smaller institutional investors with few resources for proxy analysis. Such disclosures would also go a long way in solving problems raised by Delaware Supreme Court Chief Justice Leo E. StrineLucian Bebchuk, and the Main Street Investors Coalition regarding potential conflicts of interest and/or under/over investment in ESG analysis and advocacy. The cost of real-time proxy voting disclosure would be minimal and may actually save funds money currently spent converting voting files to pdfs.

Real-time disclosure would help customers compare voting records and could drive competition among big funds to vote the predominant values of their customers. For ease of use, Compare CalSTRS’ sortable real-time disclosures with those of State Street Institutional Investment Trust. [Graphic above from Pensions & Investments article, No excuse for fiduciary ignorance, 2/19/2018] Continue Reading →

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Cisco Systems 2018: Proxy Voting Recommendation

The Cisco Systems 2018 annual meeting is December 12th. To enhance long-term shareholder value, vote AGAINST directors Arway, Desroches, Grauer and Thiry, as well as pay and the auditor. Vote FOR shareholder proposals to split chair and CEO and to Deduct Impact of Stock Buybacks from Executive Pay.  CorpGov.net is an independent source for information about shareholder rights by real Main Street Investors, not sock puppetsContinue Reading →

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Shareholder Collaboration

Shareholder Collaboration is a new ECGI working paper by Jill Fisch and Simone M. Sepe. Fisch is one of my favorite researchers, being insightful and less predictable than many of those in the primary academic hubs of corporate governance (Harvard, Stanford, and Delaware). In Shareholder Collaboration, the authors discuss the growing importance of a collaborative model, in contrast to models based on management power or shareholder power. (download paper in pdf) Continue Reading →

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