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...ISS and Glass Lewis, the two biggest proxy voting firms, have significant sway over passive investors and large institutions, which often follow their recommendations on which way to vote on items at AGMs...
...The Santander AGM is due to take place on March 22....
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
...Women at present make up 23 per cent of Swiss Re’s board, which will increase to 25 per cent when a male director resigns at the AGM....
...Following the results of the AGM in May, Glencore is undertaking a consultation with major shareholders on both its climate plan and the shareholder resolution....
...The most recent AGM season saw some notable double-digit declines in management approval ratings. Before then, it had been very rare to see this type of public opposition....
...Ahead of Citi’s AGM on April 25, the Sisters of St Joseph of Peace, which owns a small stake in the bank as part of its wider investment portfolio, filed a resolution calling on the board to report on what...
...probably happy with letting their asset owners or the proxy advisers control their votes, and most retail investors will probably not even be aware of the possibility that they can vote in various companies’ AGMs...
...“We will continue to engage with HSBC, including on this climate resolution, as we perform our analysis in the run-up to the AGM,” the asset manager added....
...Thousands of investors with trillions of dollars use ISS’s recommendations on how to vote on various AGM issues, from the mundane to the incendiary, sometimes riling CEOs and their allies in the process....
...But any misgivings over answers at Berkshire’s AGM are overshadowed by the broader question of how the conglomerate will be run when its founder is gone....
...Here is the asset manager’s overall view: LGIM continues to engage with Amazon.com Inc on all of these issues and to push the company to disclose extra information and to be more and more transparent in...
...CEG itself holds a 42 per cent economic interest in listed Clearway Energy Inc, which controls the generating assets once they become operational....
...Link, the investor services business, notes that the average AGM attendance rate in the UK has fallen even in the last year (from 75.9 per cent in 2020 to 73.9 per cent in 2021)....
Direct voting at AGMs is first step by major asset manager to give ultimate owners of votes the power to use them
...Last year, non-profit As You Sow unveiled a petition at Microsoft’s AGM that called for its devices to be made more easily repairable....
...chair Penny Hughes left after the January rescue deal led by Canadian billionaire Lawrence Stroll, who became executive chairman, while its two female non-executives did not stand for re-election at the AGM...
...As the action-packed annual meeting season winds down in the US, investors are shifting their focus to Japan Inc, demanding changes on issues from climate change to corporate governance....
...Executive pay has become the biggest flashpoint at AGMs in the UK this year, with companies including Informa, Rio Tinto and Cineworld suffering large rebellions in recent months....
...Even critics of Effissimo admit, however, that its campaign against Toshiba has clear distinctions from its previous fights with Japan Inc....
...The vote at the lender’s AGM on Thursday morning was passed by a slender margin, with 54 per cent of shareholders who attended the meeting voting in favour of Orcel’s potential €7.5m pay package, and more...
...that votes at the bank’s own AGM in June this year had been miscounted....
...Sumitomo Mitsui has a lot to explain, and investors should be asking whether the uncounted votes changed the outcome of any corporate AGMs....
...So news that Malcolm Hurlston is becoming chair of the UK Shareholders’ Association should cheer any investors that are unhappy with company AGM votes (or vol-au-vents), but chill vested interests and suited...
...After Mr Kurumatani survived the AGM, a number of large shareholders reviewed the circumstances of the voting....
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