Loren Steffy, of the Houston Chronicle, and Sean Quinn, of the ISS Governance Institute, had recent posts about proxy access and upcoming votes. At Hewlett Packard a shareholder access proposal was withdrawn after the company agreed to sponsor a (more…)
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Companies Use Range of Arguments to Exclude Proxy Access Proposals
Of the 16 proxy access proposals filed by proponents in 2012 and listed on the ISS Checklist, eight are being challenged at the SEC. Ferro, Hewlett-Packard, Nabors Industries, CME Group, Pioneer Natural Resources, Staples and Charles Schwab have not sought no-action relief from proposals at the commission, according to data from ISS. Conversely, Bank of […]
Proxy Access Proposals Challenged: Starting to Post Responses
ISS reported that Textron filed a Dec. 23 no-action petition with the SEC to omit a shareowner proposal from Ken Steiner that seeks proxy access using the model proposal developed by USPX. This appears to be the first no-action request filed on a proxy access proposal this season. The company asserts that Steiner’s resolution improperly constitutes multiple […]
Two Proxy Access Proposals From Daniel Rudewicz
Interview with Daniel Rudewicz who submitted proxy access proposals at Paragon Technologies and KSW. McRitchie: How about giving our readers a little personal background? Daniel Rudewicz: During the day, I am the managing member at Furlong Financial, LLC. In the evenings, I am a law school student. I have lived all over the US, but right now […]