Shareholders Monthly archive

Jan 31, 2019
Creating a track record of good governance at Splunk
Connie Wu, director of corporate governance and securities at Splunk, is the winner of this year’s rising star award. Wu joined Splunk in 2015 and has already established an impressive track record, including being part of the team that won the 2016 Corporate Governance Award for governance team of the year (small to mid-cap). Wu supports Splunk’s corporate legal functions, with a core focus on corporate governance, stock administration, SEC reporting and execut...
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Jan 30, 2019
GM strides forward on engagement and disclosure
For the General Motors (GM) governance team, the company’s success against Greenlight Capital’s proxy campaign in June 2017 has led to a period of marked progress. GM hired Rick Hansen as corporate secretary soon after its 2017 AGM, and he tasked his team – under the leadership of securities counsel John Kim, securities counsel Robert Boyle and manager for board operations Scott Cross – with developing more innovative proxy disclosure and continuing to impro...
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Jan 29, 2019
How ConocoPhillips’ Kinney drove a successful engagement campaign
Shannon Kinney has what could fairly be called a wide-ranging portfolio at ConocoPhillips – and one that has posed considerable challenges over the past year. She became deputy general counsel for governance, corporate and commercial, and chief compliance officer, in December 2017, and is also the company’s assistant corporate secretary. In addition, she manages a team tackling ConocoPhillips’ legal matters in corporate finance, executive compensation & be...
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Jan 28, 2019
Making HPE’s shareholder engagement best in class
Engaging with a company’s shareholders is an ever-more important task for governance teams, and one that for a growing number of firms involves extensive work beyond the proxy season and AGM. Hewlett Packard Enterprise (HPE), the winner of this year’s award for best shareholder engagement, shows how far best practices have come. Typifying that, general counsel Rishi Varma explains that the company views engagement as a year-round process, one that involves close...
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Jan 25, 2019
Why GM’s 2018 proxy hit the spot
General Motors’ proxy statement for 2018 has to be seen in context of what the company was going through in order to fully appreciate the achievement. In 2017 GM faced a proxy contest with Greenlight Capital, with the investor challenging GM’s capital allocation and three board directors. This prompted several governance changes and emphasized GM’s transition from an automobile company to a technology company. Accordingly, the board nominated Devin Wenig, pres...
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Jan 25, 2019
How AMN has enhanced its proxy
Investors are increasingly looking for issuers to communicate their ESG strategy. In the US, the formation of the Investor Stewardship Group (ISG) – which has 34 signatories and 22 endorsers – this year underscores the extent to which this is becoming a mainstream concern. This was certainly the feedback AMN Healthcare received during a round of shareholder engagement last year, particularly during meetings with one of its largest shareholders, Hermes Investment...
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Jan 14, 2019
A year in activism: Looking ahead to 2019
When stocks take the kind of nosedive they did in December 2018, market prognosticators tend to pronounce slowdowns in all types of activity from M&A to IPOs and debt financing. Shareholder activism often gets tossed into this mix. While the volatile markets certainly impacted the 2018 year-end results for a number of activists, from our vantage point we see the record shareholder activist activity that occurred in 2018 continuing into this year not despite of but – ...
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