Testimony to CalPERS 3/13/2023, Investment Committee Item 6b, by Jim McRitchie, a retired member. Note: Actual testimony was limited to 3-4 minutes. This version is slightly longer and includes links. (more…)
Tag Archives | New York City Comptroller
Chipotle 2020: Shareholder & Worker Rights
Chipotle 2020 annual meeting is 5/19/2020 at 8AM Pacific virtually by entering the eligible shareholder’s 16-digit control number found on the proxy card. To enhance long-term value: Vote AGAINST Baldocchi, Niccol and Flanzraich, Auditor, Pay. Vote FOR Retention of Shares, Independent Chair, Report on Arbitration and Written Consent. See list of all virtual-only meetings maintained by ISS. (more…)
Real Main Street Investors Endangered
Real Main Street Investors are NOT the members of a Coalition formed by the National Association of Manufacturers to buttress arguments made by the Business Roundtable and United States Chamber of Commerce. (see Main Street Investors: Battle Coming) In fact, real Main Street investors are an endangered species that may actually go away if the Coalition gets […]
Virtual-Only Shareholder Meetings: Anathema or Convenience? (Part I)
The first part of an in-depth look at Virtual-Only Shareholder Meetings, a new front in corporate-investor engagement. Scenario 1: In-Person Shareholder Meeting A shareholder proposal calling for the chairman’s resignation is coming up for vote at the physical annual meeting of Acme Inc. In the packed hall, a supporter of the proposal rises to her […]
CII: Climate Competency & Risk
Shifting Investor Perspectives on Climate Risk & Board Climate Competency These notes on climate competency are my last post from the Council of Institutional Investors Fall 2017 conference. Find more at #CIIFall2017. As a member of the press, I was excluded from the policy-making meetings. Still, it was a great opportunity to touch base with members […]
Virtual-Only Meetings: The Nuclear Option
Virtual-Only Meetings are quickly being adopted by entrenched boards who fear both adverse publicity and any attempt by shareholders, especially retail shareholders, to hold them accountable. Broadridge Financial Solutions ($BR) has a direct financial incentive to push companies toward virtual-only meetings. Although many funds and organizations oppose such meetings, no one in the opposition has a […]
Replay the Glass Lewis Conference Call on Proxy Access
On Thursday March 5th proxy advisor Glass Lewis held a conference call to discuss proxy access, i.e. the right for shareholders to place their director nominees on company proxies, instead of having to pay for a separate proxy and solicitation. The New York City Comptroller, Scott Stringer has taken the lead on proxy access this […]
American Express (AXP): How I Voted – Proxy Score 47
American Express Company $AXP is one of the stocks in my portfolio. Their annual meeting is on 5/12/2014. ProxyDemocracy.org had collected the votes of three funds when I checked and voted on 5/4/2014. I voted with management 47% of the time. View AXP’s Proxy Statement, which is user friendly. My recommendations on how to vote the AXP proxy follows. Warning: […]