Tag Archives | ordinary business

Incentive Shares

Incentive Shares: Meta, Amazon & Repligen Refuse to Say How Distributed

Incentive shares – shareholders have a right to know their distribution. Meta, Amazon, and Repligen argue against disclosure. Working mostly from the same template, they argue distribution of shares to employees is “ordinary business” and “does not focus on any significant policy issue that transcends the company’s ordinary business operations.” I submitted similar proposals to […]

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Procter & Gamble headquarters building in Cincinnati. Photo shot by Derek Jensen (Tysto), 2005-August-09

Procter & Gamble Employees: Do You Have a Say?

Procter & Gamble employees, do you have a reasonable degree of control over your work and the strategic direction of your Company? Management tells me Procter & Gamble employees have a “significant influence” on Company practices. They have ample opportunity to share perspectives with each other, managers, and the Board. Specifically, they cite the P&G […]

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Shareholder Rights in 2021 graphic by Jackie Cook of Morningstar

Shareholder Rights in 2021

SEC to Protect Shareholder Rights in 2021 Shareholder rights in 2021 will strengthen if recent speculation is realized. U.S. Senate Democrats aim to undo Trump-era shareholder voting rights rule. Shareholder Rights in 2021: History As discussed elsewhere on CorpGov.net (Review: Carl Gershenson). After its founding, the SEC was largely a champion of shareholder rights, requiring companies […]

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Ordinary business

Ordinary Business: Human Rights/GHG, Says Apple

Apple again invokes the ‘ordinary business’ exclusion roadmap provided by SEC Staff Legal Bulletin 14I (SLB 14I) in an attempt to muzzle shareholders. In the face of mounting evidence of inevitable manmade climate change and with the recognition that society has increasingly limited possibilities of mitigating the worst outcome for future generations, Jantz Management LLC submitted […]

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SLB 14I Discourages Shareholder Proposals

SLB 14I (CF) – SRI Conference: 1st Impression

SLB 14I (CF): Issued During 28th Annual SRI Conference The latest SEC Staff Legal Bulletin, SLB 14I (CF), was issued on November 1, while 800 attended the 28th Annual SRI Conference in San Diego. I was flipping though the agenda when I got an email from a Bloomberg reporter asking for feedback on SLB 14I, which […]

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