Climate Action 100+ calls for trade association accountability on climate change. 200 institutional investors with a combined $6.5 trillion in assets-under-management are calling on 47 of the largest US publicly traded corporations to align their climate lobbying with the goals of the Paris Agreement. Lobbying activities that are inconsistent with meeting climate goals are an investment […]
The inveterate Timothy Smith, Director of Environmental Social and Governance Shareowner Engagement at Walden Asset Management recently wrote (download pdf) to Margaret (Peggy) Foran who chairs the Board Governance Committee at Occidental Petroleum Corporation (Oxy), asking them to review their vote counting bylaws and practices prior to their May 2nd AGM. (more…)
Do you have governance questions on Oxy’s proxy? This first ever ever “Fifth Analyst Call” shows promise. Let’s hope it gets widely adopted by many companies. F&C Asset Management and Occidental Petroleum invite investors to ask independent directors questions prior to voting at the annual meeting. The call is on Tuesday April 26th at 9:00 […]
As reported by RiskMetrics and others, CalSTRS and Relational Investors “are threatening to wage a proxy fight at Occidental Petroleum over the oil company’s compensation practices and the board’s failure to abide by its retirement policy or announce a succession plan for its long-serving chief executive and chairman.” (CalSTRS and Relational Seek Four Board Seats […]