Say on Pay votes, instituted by the Dodd-Frank legislation passed after the 2008 financial crisis, allow shareholders to vote on executive pay programs. Although the votes are advisory, boards pay close attention to the results, and even outcomes that yield a passing proposal may be cause for concern. Most companies receive at least 90% approval…
R3000 Companies That Have Adopted Short-Term Shareholder Rights Plans as of 4/28/20 In response to the market volatility created by the COVID-19 pandemic, companies are taking a defensive position against the threat of potential hostile takeovers. The trend began in March with Occidental Petroleum adopting a limited-duration shareholder rights plan. In the weeks following, according…
Proxy Access Varies by Index – The right of shareholders to nominate directors for election to boards, known as proxy access, varies widely across the indices. Chart 1 with data from the CompanyIQ® corporate governance database has the details for eight common indices in 2017, the latest year with full data available. On the upper…