Shareholders Monthly archive

Feb 28, 2020
Apple investors say no to ESG-comp proposal
Apple shareholders have rejected three proposals, including one relating to sustainability and executive compensation, each of which the board had opposed. The tech firm faced the shareholder proposals at its AGM, which took place on Wednesday at its base in Cupertino, California. One requested that the board’s compensation committee prepare a report ‘assessing the feasibility of integrating sustainability metrics into performance measures, performance goals or ...
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Feb 27, 2020
Extreme language on earnings calls has positive impact, study finds
Investors appear to interpret companies’ strong language on quarterly earnings calls as a positive sign for future earnings and sales, according to a study from the University of Miami, the University of Texas and the Georgia Institute of Technology. By contrast, moderate language is associated with weak future performance, according to a report written by Khrystyna Bochkay of the University of Miami, Jeffrey Hales of the University of Texas at Austin, and Sudheer...
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Feb 13, 2020
Fed updates rule on activists taking stakes in banks
On January 30, the Fed finalized a rule that relaxes requirements to allow activist investors to take larger ownership interests in banks and maintain greater board representation without triggering control under federal banking law. Control is a critical concept as investors controlling banks are subject to extensive Fed oversight and stricter regulation.   The Fed’s rule provides greater clarity to investors by outlining the types of non-controlling s...
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Feb 04, 2020
Inside IBM’s year-round engagement efforts
For IBM, shareholder engagement is nothing new. Evan Barth, senior counsel at the company, says that when he joined IBM in 2008, there was already a robust proxy season engagement plan in place – long before the term ‘shareholder engagement’ was mainstream. In March, once the proxy statement has been filed, IBM’s in-season engagement efforts kick in. In 2019 the firm engaged with more than 100 institutional investors, representing more than 70 percent of the...
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