Thanks to the Enron-style management lapses and collapses, shareholders suddenly find their collective voices being heard more than ever by boards of directors. For any investor who has ever suffered through an annual meeting, you know that shareholder proposals almost routinely get shot shot down by directors,...
PURCHASE, N.Y. -- Morgan Stanley (NYSE: MS) today announced preliminary results from the Company's 2008 annual meeting of shareholders and said that all members of its Board of Directors were re-elected by a substantial margin. The Company also said that its proposal to eliminate the remaining supermajority voting provisions was...
Byline: Barry B. Burr Corporations have faced almost 200 shareholder proposals from major union-sponsored pension funds so far this proxy season, targeting largely executive pay and board accountability. Union pension funds "have tried to f Byline: Barry B. Burr ...
DETROIT - General Motors Corp. shareholders adopted proposals calling for a majority vote to elect directors and allowing cumulative voting for directors, said Toni Simonetti, spokeswoman for the Detroit-based company, who provided preliminary tallie DETROIT - General Motors Corp. shareholders adopted proposals calling for a...
WASHINGTON, April 17 /U.S. Newswire/ -- Peter Flaherty, president of the National Legal and Policy Center NLPC, will present a shareholder proposal at the Citigroup annual meeting tomorrow that asks the company to provide a semi-annual report on its chaWASHINGTON, April 17 /U.S. Newswire/ -- Peter Flaherty, president of the...
WASHINGTON, April 27 /U.S. Newswire/ -- Peter Flaherty, president of the National Legal and Policy Center NLPC, will present a shareholder proposal at the Boeing annual meeting on Monday, May 1 that asks the company to provide a semi-annual report on itWASHINGTON, April 27 /U.S. Newswire/ -- Peter Flaherty, president...
Byline: Gregory Crawford Institutional investors continue to push for stronger significant changes to new proxy access rules being considered by the Securities and Exchange Commission, even as corporate America braces for a pickup in shareholder p Byline: Gregory Crawford Institutional...
SACRAMENTO, Calif.--BUSINESS WIRE--May 12, 1997--The California Public Employees' Retirement System CalPERS today filed a shareholder proposal with Bassett Furniture seeking to separate the Board Chair position from the corporation's Chief Executive Officer position.
SACRAMENTO, Calif.--BUSINESS WIRE--Aug. 14, 1996--The $100 billion California Public Employees' Retirement System CalPERS announced today that it is has filed a shareholder proposal with Rollins Environmental Services REN calling for the company to restructure its board to include a majority of independent directors. The shareholder proposal filed by CalPERS...
NEW YORK - The New York City Retirement Systems won agreements from Best Buy Co., Fluor Corp., General Mills Inc. and VF Corp. "to improve their policies to ensure that their overseas suppliers respect workers' human rights'' in accord with shar NEW YORK - The New...
Pressure on IBM Rep. Bernard Sanders, I-Vt., is urging SEC Chairman Arthur Levitt to insist that IBM place a shareholder proposal on its proxy that would require company executives to base their incentive compensation on the computer maker's true Pressure on IBM...
Byline: Barry B. Burr Coca-Cola Co., Atlanta, for the first time ever, is endorsing a shareholder proposal. The board is urging shareholders to support a proposal calling on the company to issue a report on the economic impact of HIV/AIDS, tube...
United Airlines paid a high price to avert a strike by mechanics last week, but union and investor pressure won't let up anytime soon. Four shareholder proposals to rein in management-two of them backed by the machinists union-are slated for paren United Airlines...
Byline: SALLY ROBERTS NEW YORK-Four large pension fund shareholders of Marsh & McLennan Cos. Inc. are looking to gain more influence over the makeup of the company's board of directors following the improper trading scandal at Putnam Investmen Byline: SALLY ROBERTS ...
The question of whether and how to reform the U.S. healthcare system has opened on a new front -- shareholder activism. Over the past several months, the SEC has told several major corporations that they must allow shareholder votes on proposals that would commit the companies to...
1st Independence Financial Group, Inc. ("1stIndependence") (NASDAQ: FIFG) today announced it expects to close themerger of 1st Independence with and into MainSource Financial Group, Inc.("MainSource") (NASDAQ: MSFG) on Friday, August 29, 2008, subject to thesatisfaction of the...
Aladdin Knowledge Systems Ltd. (NASDAQ: ALDN), an information security leader specializing in authentication,software DRM and content security, today announced that its Board ofDirectors, after a thorough review with the assistance of its financial andlegal advisors, has determined that the unsolicited proposal fromaffiliates of Vector Capital to acquire all of the...
U.S. Geothermal Inc. ("U.S. Geothermal") (TSX: GTH)(AMEX: HTM), a renewable energy company focused on the production of electricity from geothermal energy, announced a corporate update, on business conducted at their Annual General Meeting ("AGM") and on the operating and development activities at their three main projects. The AGM was held...
Implantable Vision, Inc (OTCBB: IMVS), anindependent oil and gas company, is pleased to announce that at its SpecialMeeting of Shareholders reconvened yesterday, August 25, 2008, proposal #1,#2 and #3 to amend the Company's articles of incorporation, was approved bya majority of the votes cast by the holders of its common...
Seanergy Maritime Corp. (AMEX: SRG) (AMEX: SRG.U) (AMEX: SRG.W) announced that at a special meeting of shareholderstoday, shareholders approved the proposal to acquire six dry bulk carriersfrom affiliates of members of the Restis family. Shareholders cast 20,618,873 votes in favor of the proposal, and holders of6,514,175 shares voted against the...
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