CalPERS is considering a policy of not investing in the initial public offerings (IPOs) of dual-class companies where shareowning is structured so that a minority will control the majority of the votes. From what I have seen, CalPERS has already opposed those that exist but this step would allow the retirement system to avoid purchasing shares in such companies as they enter the market, even though they may be included in various indexes included in the fund’s portfolio. Continue Reading →
Tag Archives | Laurel Hill Advisory Group
As Glyn Holton reported last week, the SEC denied no-action requests from Forest Labs ($FRX) and Medtronic ($MDT). (SEC Delivers For Shareowners On Proxy Access, 6/29/2012) Therefore, shareowners will get an opportunity to vote in favor of proxy access at upcoming shareowner meetings. Continue Reading →
A roundup of just a few of many relevant news items worth reading. Continue Reading →
Francis H. Byrd asked several of us in the corporate governance industrial complex to make predictions for the 2012 proxy season and beyond. I urge you to read the Laurel Hill Advisory Group’s pdf, Predictions and Expectations for 2012. Just a few brief highlights below (read the pdf for Continue Reading →
Highlights from Thomson Reuters IRHub Blog Trends in Activism and Say on Pay.
Executive compensation and board-related issues, including withholding votes for Directors who are members of executive compensation committees, are the top concerns of shareholders. Other corporate governance issues include too much Continue Reading →
Blank Rome LLP and Laurel Hill Advisory Group, LLC are hosting a complimentary webinar on Tuesday, October 18, 2011, at 12:00 pm EST to discuss how to prepare for the “private ordering” of proxy access under the amended provisions of Rule 14a-8. Full details can be found at the attached link.
Numerous issues and questions relating to the new Rule 14a-8 shareholder proposal rules that now permit shareholders to submit proxy access proposals and how they will affect the 2012 proxy season will be discussed.
By registering it will ensure that you get notified when we post the replay and the related presentation materials.