
Tag: shareholder proposals

Risk
The Interfaith Center on Corporate Responsibility issued a shareholder proposal to examine the economic impact of health care claim denials.

Pensions
Voting Support for NYC Pension Proxy Proposals Continues to Wane
Only 21% of proposals that went to a vote were supported by shareholders, down from 35% in 2022.

Asset Allocation
NYC Pension Funds Seek Board Demographics From NextEra Energy, GameStop
Shareholder proposals filed by three funds contend that board diversity improves decisionmaking, transparency and accountability.

Regulation
House Republicans Propose 11 Bills Reforming Proxy Advisory Services
The bills would make it substantially easier for issuers to exclude proposals and harder for the SEC to compel them to include proposals on proxy statements.

Newsmakers
Norway’s Sovereign Wealth Fund Backs Shell, Votes Against Chevron, ExxonMobil on Climate Proposals
Fund manager Norges Bank Investment Management sided with Shell in rejecting a proposal to align greenhouse gas targets with the Paris agreement.

Market Moves
NYC Pension Funds File Board Diversity Proposals at 4 Firms
The city’s comptroller calls for disclosure of board members’ race and gender at Capital One, Las Vegas Sands, NextEra Energy and Caesars.

Newsmakers
NYC Pension Funds Call for Greenhouse Gas Disclosure From 4 Major Banks
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.

Newsmakers
NY Pension Calls on Firms to Report Abuse, Harassment, Discrimination
Tesla, Starbucks, and Activision Blizzard have been targeted by the $279.7 billion New York State Common Retirement Fund.

Risk
State Treasurers File Shareholder Action over Alleged Gilead Price Gouging
Pennsylvania, Rhode Island call for independent chair at biotech firm after it reportedly priced remdesivir at more than 500 times the cost.

Asset Allocation
NYS Pension Fund Calls for Civil Rights Audit on Amazon
State comptroller calls for third-party audit to asses how retail giant’s policies affect equity, diversity, and inclusion.

Regulation
SEC Hikes Investment Commitments for Shareholders Submitting Proposals
The Council of Institutional Investors says the change jeopardizes faith in the fairness of US public capital markets.

Asset Management Culture
Rhode Island Treasurer, Hedge Fund Get Board Diversity Pledge from Telecom
The charge is that directors at $30 billion SBA Communications do not meet the 30% diversity criteria.

Asset Management Culture
Massachusetts Ramps Up Diversity Guidelines
The state’s PRIM Board will vote against nominees if less than 35% of the board is diverse in terms of gender and race.