Proxy Season Insider: SAP AG
Deutsche Boerse: SAP Meeting Date: 5/21/2014
At SAP’s upcoming general meeting, it will seek approval of a controversial proposal to elect a current co-CEO, Hagermann Snabe, to the supervisory board following his resignation from executive functions at the AGM. In Germany, such proposals require shareholders owning at least 25% of the share capital to put forward the proposal for consideration at the meeting. SAP has made little effort to provide transparency around the proponents for Mr. Snabe’s election or the rationale for electing him to the board, especially considering that the board is already currently chaired by a former CEO. In light of numerous other governance failures at the board level, minority shareholders may question the decision to break protocol with another corporate governance best practice.
GOOGLE(see Proxy Season Insider here)
NASDAQ: GOOG Meeting Date 5/14/2014
POTASH CORP. OF SASKATCHEWAN
Toronto Stock Exchange: POT Meeting Date 5/15/2014
NYSE: GS Meeting Date 5/16/2014
Australian Stock Exchange: STO Meeting Date 5/16/2014
LEIGHTON HOLDINGS LIMITED
Australian Stock Exchange: LEI Meeting Date 5/19/2014
NYSE Euronext Paris: GLE Meeting Date 5/20/2014
BOSTON PROPERTIES INC.
NYSE: BXP Meeting Date 5/20/2014
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