BP plc | LSE | Meeting Date: 2013/04/11

BP’s 2013 annual meeting marks its third AGM since the Deepwater Horizon accident and Gulf of Mexico Oil spill, where there is still significant uncertainty over the ultimate related costs. The board itself has experienced substantial changes, with more than half of its current members elected in 2010 or later. In the past year BP has continued to experience related repercussions, including a $4.5 billion settlement with the U.S. federal government, guilty pleas on 14 criminal charges, and an ongoing civil trial that began in February 2013 with the potential for additional penalties ranking in the billions. BP’s remuneration report for 2012 has thorough disclosure of performance against bonus targets and current company practices appear to provide a strong alignment between performance and incentive awards. We find it surprising, however, that the company does not disclose any link between litigation, settlements and criminal charges, and executive remuneration.

Agrium Inc (AGU) | 2013/04/09 | Read the Proxy Season Insider on Agrium
Bank of New York Mellon Corporation (BK) | 2013/04/09 | Read the Proxy Season Insider on BNY Mellon
Bank of Nova Scotia (BNS) | 2013/04/09
Fiat (F) | 2013/04/09
Daimler AG (DAI) | 2013/04/10
Bank of Montreal (BMO) | 2013/04/10
Julius Baer Group (BAER) | 2013/04/10
Deutsche Bank (DBK) | 2013/04/11

NYT: 04/08 J.C. Penney Ousts Chief of 17 Months: After a troublesome 17-month run, Ron Johnson is out as chief executive of J. C. Penney, and with that, the most closely watched revival effort in retail in recent memory is in danger of disintegrating. [Read More]

WSJ: 04/09 KPMG Resigns as Herbalife Auditor Amid Insider-Trading Case: KPMG LLP has resigned as its auditor, following a disclosure by the accounting firm late Monday that it had fired a senior partner in its Los Angeles office over alleged insider-trading tips. [Read More]