The health of the U.S. proxy system is about to get a check-up. On July 30, SEC chair Jay Clayton announced a roundtable to examine whether existing rules have kept pace with changes to the [...]
Important highlights from upcoming meetings, provided by Glass Lewis' global research team The Toronto-Dominion Bank Toronto Stock Exchange – March 29 At the 2017 annual meeting of The Toronto-Dominion Bank (“TD Bank”), a shareholder proposal [...]
After months of suspense, both Royal Bank of Canada and Toronto-Dominion have bowed to investor pressure and adopted U.S.-style proxy access. Both companies faced non-binding shareholder proposals requesting the provision at their 2017 AGMs, receiving [...]
URBAN OUTFITTERS NASDAQ: URBN Annual Meeting: 6/02/2015 For proponents of board gender diversity, Urban Outfitters Inc. has been a source of particular concern in recent years. The clothing and home goods retailer, whose products [...]
CHIPOTLE MEXICAN GRILL, INC. NYSE: CMG Annual Meeting: 5/13/2015 While Chipotle has generally made headlines for strong performance and supply chain management, the company’s governance practice have brought some (likely unwanted) attention. The 2014 [...]
EBAY INC. NASDAQ: EBAY Annual Meeting: 5/01/2015 Ebay's announcement in September 2014 that it would be spinning off its prized PayPal unit was a striking about-face from CEO John Donahoe and Ebay's board, [...]
GENERAL ELECTRIC NYSE: GE Meeting Date: 4/22/2015 Despite being one of the oldest companies trading on the NYSE, General Electric is taking a cutting edge approach to corporate governance. The 137 year [...]
FIRSTMERIT CORPORATION NASDAQ: FMER Meeting Date: 4/15/2015 Following the submission of a shareholder proposal requesting that FirstMerit Corporation allow proxy access for shareholders of 3% of shares for 3 years, the company [...]
On Thursday March 5th several institutional investors joined Glass Lewis on a conference call to discuss proxy access, i.e. the right for shareholders to nominate director to company boards. The discussion included a review of [...]
In 2015, approximately 100 companies will face shareholder proposals seeking a proxy access right that would allow certain large, long-standing shareholders to nominate directors to a company's board without going through a typical proxy contest. [...]