SOC Takes on SBUX: Finally, The First ESG Proxy Contest Under UPC For over a year, we and others speculated that ESG proponents would pounce on universal proxy cards (UPC) as a way to escalate efforts to exert influence over companies. Since UPC became mandatory in September 2022, we have seen exactly zero proxy contests […]
Procter & Gamble Fair Elections is an updated version of the Fair Elections proposals James McRitchie filed at dozens of companies for the 2023 season to improve corporate governance. This Procter & Gamble Fair Elections proposal is the result of negotiating with many companies. We believe it is a proposal that no company can reasonably […]
Fair elections have long been a major concern. When I started CorpGov.net in 1995, most directors were probably chosen by CEOs. Elections resembled those of North Korea. Vote for management’s slate or withhold your vote. Fair elections? I didn’t think so. My friends toiled mostly in socially responsible investments, focused on double bottom line impacts and […]
ESG via UPC may be the next field of play for those interested in corporate governance reform. Corporate Accountability Forums will host a discussion with proxy advisor John Glenn Grau and activist investor Michael Levin on December 1, 2022, at noon Eastern time. How do new universal proxy card (UPC) rules make it easier for […]