After the Supreme Court issued its ruling on Dobbs v. Jackson Women’s Health Organization last year, the case that overturned Roe v. Wade, companies were suddenly thrust into the spotlight on abortion and pressured to make difficult choices regarding reproductive health care and their workforces. Now, investors on both sides of the issue are using… Continue reading Reproductive Health Proposals Spike After Dobbs Decision
Tag: Proxy Proposals
New Legal Protections for CEOs Pop Up on Proxies
Delaware companies have been given the green light to protect corporate officers from personal monetary liability in breach of fiduciary duty claims after the state adopted new amendments to its corporate law provisions in August. But to make use of the provisions, known as officer exculpation, companies will have to update their charters and gain… Continue reading New Legal Protections for CEOs Pop Up on Proxies
Investors Put a Microscope on Pay Problems
Companies including Altria Group, CVS Health and Intel are the latest to have failed say on pay so far this proxy season, as investors zero in on longtime compensation issues that have been magnified by the coronavirus pandemic.
Indeed, investors are carefully scrutinizing how pay, strategy and performance will align to weather the storm. Shareholders may react to perceived failings on issues such as employee health and safety by voting against pay to send a strong message, sources say.
Additionally, traditional pain points for investors, such as one-time awards and lack of pay-for-performance alignment, are driving negative vote campaigns that have led to weak say-on-pay vote results for some companies this year.