Tag Archives | GMI

Walgreens Boots Alliance, Inc.: Proxy Score 33

Image result for walgreens boots alliance wbaWalgreens Boots Alliance, Inc. (WBA) operates as a pharmacy-led health and wellbeing company. It operates through three segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale.

Their annual meeting is coming up on January 26th, 2017. ProxyDemocracy.org had collected the votes of 3 fund families when I checked. I voted FOR proxy access and a report on sustainability and pay practices; AGAINST pay, compensation committee, auditor and financial expert. I voted with the Board’s recommendations 33% of the time. View Proxy Statement. See 1/25/2017 update. Continue Reading →

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Guidewire Software (GWRE) – Proxy Score 33

GuidewireGuidewire Software Inc ($GWRE), which provides software products for property and casualty insurers, is one of the stocks in my portfolio. Their annual meeting is coming up on 12/4/2014. ProxyDemocracy.org had collected the votes of two funds when I checked and voted on 12/1/2014. Sorry for the late post. Tomorrow is the last day to vote online. I voted with management 33% of the time and assigned them a proxy score of 33.

View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Guidewire Software 2014 proxy in order to enhance corporate governance and long-term value. Continue Reading →

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Microsoft Corporation (MSFT) – Proxy Score 62

MicrosoftMicrosoft Corporation ($MSFT), which develops, licenses, markets, and supports software, services, and devices worldwide, is one of the stocks in my portfolio. Their annual meeting is coming up on 12/3/2014. ProxyDemocracy.org had collected the votes of six funds when I checked and voted on 11/30/2014. Sorry for the late post. Tomorrow is the last day to vote online. I voted with management 62% of the time and assigned them a proxy score of 62.

View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Microsoft 2014 proxy in order to enhance corporate governance and long-term value. Continue Reading →

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CEO Pay: Link to the Cost and Future Value of Capital

IRRCi study on CEO PayTotal shareholder return (TSR), is the most frequent metric used to pay CEOs for performance. The authors of this excellent study from IRRCi believe CEO pay should, instead, be linked to the cost and future value of capital.

CEO Pay for ‘Performance”

In 1993, Congress amended the tax code to tie executive pay to “performance” metrics. To be a deductible business expense, pay had to be linked to performance. Stock price was an easy proxy for performance and the link was acceptable to the IRS. Before the amendment, in 1991, average CEO pay at large public firms was 140 times that of average employees. By 2003, it was approximately 500 times. Whereas equity-based compensation at such firms was zero percent in 1984, it climbed to 66% by 2001. The percentage of CEO pay from stock option grants rose from 35% in 1994, to 85% by 2001.

As the authors point out, “total shareholder return is, by far, the most dominant performance metric in long-term incentive plans.” Yet, increased TSR often has little to do with actually growing a business for the long-term. The rise of fall in stock price generally has little to do with CEO effort. When there is effort involved, rewards come quicker through cost-cutting (firing employees, reducing R&D), stock buybacks or financial engineering than by developing new products, training staff or increasing sales. Continue Reading →

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Broadridge Financial Solutions, Inc. (BR): Proxy Score 80

BroadridgeBroadridge Financial Solutions, Inc. (BR), which provides investor communications and technology-driven solutions for the financial services industry, is one of the stocks in my portfolio. Their annual meeting is coming up on 11/13/2014. ProxyDemocracy.org had collected the votes of two funds when I checked on 11/3/2014.  I voted with management 80% of the time and assigned them a proxy score of 80.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Broadridge 2014 proxy in order to enhance corporate governance and long-term value. Continue Reading →

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Symantec Corporation SYMC: Proxy Score 55

SymantecSymantec Corporation (NASD:SYMC), which provides security, backup, and availability solutions worldwide, is one of the stocks in my portfolio. Their annual meeting is coming up on 10/28/2014. ProxyDemocracy.org had collected the votes of three funds when I checked on 10/22/2014.  I voted with management 55% of the time and assigned them a proxy score of 55.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Symantec 2014 proxy in order to enhance corporate governance and long-term value. Continue Reading →

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Procter & Gamble Company (PG): Proxy Score 44

P&GProcter & Gamble Company (PG), which manufactures and sells branded consumer packaged goods, is one of the stocks in my portfolio. Their annual meeting is coming up on 10/14/2014. ProxyDemocracy.org had collected the votes of three funds when I checked on 9/20/2014.  I voted with management 44% of the time and assigned them a proxy score of 44.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Proctor & Gamble 2014 proxy in order to enhance corporate governance and long-term value. Continue Reading →

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FedEx: Proxy Vote Score 42

fedex-logoFedEx $FDX, which provides transportation, e-commerce, and business services in the United States and internationally, is one of the stocks in my portfolio. Their annual meeting is coming up on 9/29/2014. ProxyDemocracy.org had collected the votes of three funds when I checked on 9/20/2014.  I voted with management 42% of the time and assigned them a proxy score of 42.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the FedEx 2014 proxy in order to enhance corporate governance and long-term value. Continue Reading →

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Medtronic, Inc. (MDT): Proxy Vote Score 59

medtronicMedtronic $MDT, which manufactures and sells device-based medical therapies worldwideis one of the stocks in my portfolio. Their next annual meeting is August 21, 2014. ProxyDemocracy.org had collected the votes of three funds when I checked and voted on 8/17/2014. I voted with the Board’s recommendations 59% of the time and assigned them a proxy score of 59. View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Medtronic proxy in order to enhance corporate governance and long-term value. Continue Reading →

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GMI Ratings Offers Webinar on Emerging Market Ratings

GMI RatingsGMI Ratings, the leading provider of research, data and analytics on environmental, social, governance (ESG) and forensic accounting risks affecting the performance of public companies, is introducing Accounting and Governance Risk (AGR®) ratings on over 9,000 companies in nearly 60 emerging market countries. GMI’s AGR ratings capture a variety of accounting irregularities and corporate governance weaknesses associated with negative events. With the addition of the emerging market companies, GMI now offers AGR ratings on nearly 29,000 companies worldwide. Continue Reading →

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Steris (STE): Proxy Vote – 100

STERIS Corporation logoSteris Corp $STE, which develops and markets surgical and critical care support products and services, is one of the stocks in my portfolio. Their next annual meeting is July 30, 2014. ProxyDemocracy.org had collected the votes of no funds on Steris when I checked and voted on 6/17/2014. I voted with the Board’s recommendations 100% of the time. View Steris Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the Steris proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Medivation (MDVN): Proxy Vote – Score 91

MedivationMedivation $MDVN, a promising biopharmaceutical company developing novel therapies to treat serious diseases, is one of the stocks in my portfolio. Their next annual meeting is June 27, 2014. ProxyDemocracy.org had collected the votes of one fund when I checked and voted on 6/17/2014. I voted with the Board’s recommendations 91% of the time and assigned them a proxy score of 91. View Proxy Statement. Would it bust their budget to add a hyperlinked table of contents? Read Warnings below. What follows are my recommendations on how to vote the MDVN proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Premiere Global Services, PGI: Proxy Vote Score 40

PGIPremiere Global Services, $PGI, is one of the stocks in my portfolio. Their annual meeting is June 17, 2014. ProxyDemocracy.org had collected the votes of three funds when I checked and voted on 6/11/2014.  I voted with the board’s recommendations 40% of the time, thus assigned a proxy score of 40.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the PGI proxy in order to enhance PGI’s corporate governance and long-term value.   Continue Reading →

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DaVita HealthCare Partners, DVA: Proxy Vote

DaVitaDaVita HealthCare Partners $DVA, is one of the stocks in my portfolio. Their annual meeting is June 17, 2014. ProxyDemocracy.org had collected the votes of three funds when I checked and voted on 6/10/2014.  I voted with management 50% of the time.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the DVA proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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SciClone Pharmaceuticals $SCLN: Proxy Vote

SCLNSciClone Pharmaceuticals $SCLN, is one of the stocks in my portfolio. Their annual meeting is June 12, 2014. ProxyDemocracy.org had collected the votes of one fund when I checked and voted on 6/10/2014.  I voted with management 37% of the time.  View Proxy Statement. Would it kill them to include a hyperlinked table of contents? Read Warnings below. What follows are my recommendations on how to vote the SCLN proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Biogen Idec, $BIIB: Proxy Vote

BIIBBiogen Idec, $BIIB, is one of the stocks in my portfolio. Their annual meeting is June 12, 2014. ProxyDemocracy.org had collected the votes of four funds when I checked and voted on 6/10/2014. ProxyDemocracy.org now has collected the votes of five funds.  I voted with management 46% of the time.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the BIIB proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Caterpillar $CAT: Proxy Vote

CATCaterpillar (CAT), is one of the stocks in my portfolio. Their annual meeting is June 11, 2014 (tomorrow). ProxyDemocracy.org had collected the votes of two funds when I checked and voted on 6/10/2014.  I see they now have three. I voted with management 42% of the time.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the CAT proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Netflix $NFLX: Proxy Vote

netflixNetflix (NFLX), is one of the stocks in my portfolio. Their annual meeting is June 9, 2014. ProxyDemocracy.org had collected the votes of three funds when I checked and voted on 6/4/2014.  I voted with management 27% of the time.  View Proxy Statement (why no linked Table of Contents?) Read Warnings below. What follows are my recommendations on how to vote the NFLX proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Wal-Mart Stores $WMT: Proxy Votes

wmt_logo_2Wal-Mart Stores (WMT), is one of the stocks in my portfolio. Their annual meeting is June 6, 2014. ProxyDemocracy.org had collected the votes of one fund when I checked and voted on 5/31/2014.  I voted with management 58% of the time.  View Proxy Statement. Read Warnings below. What follows are my recommendations on how to vote the WMT proxy in order to enhance corporate governance and long-term value.   Continue Reading →

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Genomic Health $GHDX Proxy Recommendations

GHDXGenomic Health (GHDX), is one of the stocks in my portfolio. Their annual meeting is coming up on June 6, 2014. ProxyDemocracy.org had collected the votes of one fund when I checked and voted on 5/27/2014.  I voted with management 92% of the time.  View Proxy Statement. (Note: GHDX proxy Table of Contents is only for stock incentive plan… not the proxy. Very poorly done.) Read Warnings below. What follows are my recommendations on how to vote the GHDX proxy in order to enhance corporate governance and long-term value.  Continue Reading →

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SolarCity $SCTY Voting Recommendations

SCTYSolarCity (SCTY), is one of the stocks in my portfolio. Their annual meeting is coming up on June 4, 2014.  ProxyDemocracy.org had collected the votes of no funds when I checked and voted on 5/26/2014.  I voted with management 75% of the time but won’t next year if corporate governance reforms are not made.  View Proxy Statement. Read Warnings below. What follows are my proxy voting recommendations for SCTY. Continue Reading →

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GT Advanced Technologies $GTAT Proxy Voting Recommendations

gtatGT Advanced Technologies $GTAT is one of the stocks in my portfolio. Their annual meeting is coming up on 6/5/2014. ProxyDemocracy.org had collected the votes of one fund when I checked and voted on 5/26/2014.  I voted with management 60% of the time.  View Proxy Statement. Read Warnings below.  What follows are my proxy voting recommendations for GTAT. Continue Reading →

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