Shareholders Archive

Apr 24, 2019
Proxy season said to feature long-term focus
Companies wanting to know what to expect this proxy season should take note of the long-term-focused messages coming from some of the world’s largest investors, according to the latest ProxyPulse report from Broadridge and PwC. Citing BlackRock CEO Larry Fink’s 2019 annual letter to portfolio company CEOs and State Street Global Advisors (SSGA) president and CEO Cyrus Taraporevala’s 2019 letter to portfolio company boards, the ProxyPulse report notes that inve...
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Mar 27, 2019
Global IPO activity slows in Q1, EY says
Geopolitical tensions, trade issues between the US, China and Europe, and the uncertainty created by Brexit have slowed down IPO activity globally in the first three months of 2019, according to EY. The firm’s quarterly report highlights that the positive performance of main stock indices and a decrease in volatility in many markets did little to halt the slump suffered by IPOs. In fact, the number of IPOs in Q1 2019 fell from last year’s track record to 199 glo...
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Mar 08, 2019
The week in GRC: Bristol-Myers Squibb urges shareholders to back Celgene deal, and Papa John’s founder to leave board
– CNN reported that Ted Baker’s founder and CEO Ray Kelvin resigned as the fashion company investigates allegations he behaved inappropriately toward staff. The company said Kelvin had left with immediate effect. He had been on a voluntary leave of absence since December following allegations of harassment, including ‘forced hugging’ of staff members. Kelvin denies all clai...
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Feb 27, 2019
Biggest fund managers said to support ‘excessive’ CEO pay deals
Some of the world’s largest fund managers are nodding through excessive pay packages, according to research from As You Sow – though some dispute the data. The California-based non-profit has published a list of what it says are the 100 most overpaid CEOs from the S&P 500 last year. It compiled the list by comparing remuneration with total shareholder return and then looked at votes against those packages. As well as listing the CEOs it deems most ove...
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Feb 26, 2019
Disney shareholders to vote on cyber-security proposal
Shareholders in The Walt Disney Company will have a chance to press the Magic Kingdom owner on cyber-security and its lobbying activities on March 7 by voting on two proposals at the company’s AGM in St Louis, Missouri. Disney’s board has urged shareholders to vote against the proposals, one of which calls for it to publish a report assessing ‘the feasibility o...
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