When shareholders mark “abstain” on a ballot, what does it mean? Does the meaning differ depending on whether it’s to elect a director, vote on say-on-pay or a shareholder proposal...
As US public companies launch into the height of the annual meeting season, we review the current landscape on say-on-pay, including current vote levels and a summary of companies with fa...
Perhaps the onset of warmer weather has made us aware of the approach of July 21st, an auspicious date representing the one-year anniversary of the Dodd-Frank Act and also the statutory d...
There continue to be multiple areas of legislative activity to repeal or amend certain provisions of Dodd-Frank, including draft legislation to require employees to communicate internally...
We’re up to nine failed say-on-pay votes so far for the year. We’ll provide a client communication shortly on the latest state of play in the say-on-pay world, including the reasons r...
Notwithstanding the proliferation of advance notice bylaws, floor resolutions at annual meetings are fairly unusual. In January, Walden Asset Management and 44 other investors contacted o...
Perhaps as another fallout of the financial crisis, Moody’s shareholders approved an independent chair proposal with 56% support, a substantial increase from the two prior years which s...
Last year a Texas judge allowed Apache Corp. to exclude a shareholder proposal from John Chevedden on the basis that his broker statement did not come directly from a “record holder” ...
On March 30, 2011, the SEC proposed rules to implement the Dodd-Frank Act’s requirements regarding the independence of compensation committees and their advisers. The proposed rules are...
Last week House Republicans announced that they are drafting five bills to eliminate or change parts of the Dodd-Frank Act. One of the five is the elimination of the provision to disclos...
