With Pfizer and Moderna’s COVID-19 vaccines in the headlines, the companies’ executive teams have also attracted attention because of the sizeable stock sales they benefitted from after positive trial developments were announced. Although the timing [...]
As governments, regional authorities, and companies adopt measures to curtail the spread of coronavirus, we are seeing an impact on annual shareholder meetings to be held in the coming months. Coronavirus, a respiratory disease, has [...]
Glass Lewis has submitted a comment letter regarding the United States Securities and Exchange Commission regarding the proposed Amendments to Exemptions from the Proxy Rules for Proxy Voting Advice. As a proxy advisor, Glass Lewis [...]
If effecting change at a single institution is like reversing the course of an aircraft carrier, revamping the proxy system is something akin to turning around a whole fleet. Undaunted by the task, it appears [...]
Following the SEC Proxy Roundtable last month, the Senate Committee on Banking, Housing, and Urban Development held a hearing on Proxy Process and Rules: Examining Current Practices and Potential Changes. The December 6th hearing allowed [...]
As part of its contribution to the SEC Staff Roundtable on the Proxy Process, on November 14 Glass Lewis submitted a statement to the record. You can read the statement here. The statement sets out Glass [...]
When The AES Corporation managed to exclude a shareholder proposal that would have lowered the ownership threshold for calling a special meeting, it thought it had avoided a recurring headache. In the end though, disregarding [...]
Nell Minow is Vice Chair of ValueEdge Advisors. Reposted with permission from the ValueEdge blog. The SEC’s roundtable on the proxy system is scheduled for next month, and so articles that look suspiciously like plants from [...]
The proxy advisor no-action letters, issued in 2004 to Egan-Jones and ISS, described the duty of investment advisers to ensure their proxy advisor(s) have the capacity and competency to adequately analyze proxy issues. While the [...]
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 [...]