The battle over Main Street Investors could determine the future of the American economy for decades to come. According to Cydney Posner of Cooley PubCo, on one side are those who believe investors must focus on maximizing financial return and management knows best. On the other side are those who want to broaden the focus […]
Newground Social Investment is looking for a Massey Energy shareholder to file a corporate governance resolution regarding vote-counting. They found out late last week that the shareholder that they were teaming up with did not qualify to propose the resolution, so they are scrambling at the last minute to find another Massey shareholder that does […]
At last, there have been a couple of articles in the national press on the Symantec Corp. virtual-only meeting. First, Ross Kerber reported for Reuters, Shareholder meetings via Web mute dissident voices (9/24/2010) Kerber observed, Soon movies might be the only place to hear pointed outbursts from investors. This year more than a dozen companies […]
Steven Towns, writing for Seeking Alpha (Questioning Symantec’s ‘Virtual’ Shareholder Meetings, 9/20/2010) joined CII, CalSTRS, CalPERS, USPX and others in objecting to an all virtual meeting held buy Symantec. This follows up on Ted Allen’s September 16, 2010 article for RiskMetrics, Investors Object to Symantec’s Virtual Annual Meeting, my post of September 7, 2010 (also […]
Newground Social Investment won a first-of-its-kind vote at Plum Creek Timber, the nation’s largest private landholder. Their resolution, which got an 18% FOR vote asked the company to change its vote-counting practices. Plum Creek agreed to revise its vote-counting formula to remove Broker Non-Votes. The resolved portion of their resolution read as follows: RESOLVED: The shareholders of Plum […]