Shareholders Monthly archive

May 25, 2021
Almost 40 percent support JPMorgan Chase racial equity audit
A shareholder proposal asking JPMorgan Chase to conduct a racial equity audit has – while not securing a majority – gained significant levels of support among investors. The proposal, brought by the CtW Investment Group, was backed by 39.8 percent of votes cast at the company’s AGM last week. Specifically, it requests that the bank’s board ‘oversee a rac...
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May 21, 2021
Support for say-on-pay votes continues to erode in US, warn compensation advisers
While investors are increasing their scrutiny of executive compensation packages again this year, the pandemic may not be playing a meaningful role, according to executive compensation experts. Investors are increasing their scrutiny of executive compensation packages again this year, but the focus continues to be on pay for performance, rather than other impacts of the Covid-19 pandemic.  A number of large companies in the US have received significant oppos...
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May 20, 2021
American Express shareholders seek DEI report
American Express investors have supported a shareholder proposal requesting that the company publish a report each year assessing its diversity and inclusion efforts. The proposal, brought by As You Sow, garnered 59.7 percent support among votes cast at the American Express AGM earlier this month. The vote is ...
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May 14, 2021
The week in GRC: Starboard Value takes on Box and Gensler eyes expanded employee data disclosure
– Reuters reported that activist investor Starboard Value launched a proxy contest to take greater control of cloud services provider Box as it nominated four directors for election to the company’s board. Starboard earlier said the company had failed to capitalize on the work-from-home trend during the Covid-19 pandemic. In response, Box said it does ...
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May 12, 2021
IBM investors and board back DEI report
The vast majority of IBM shareholders have given their support to a proposal – also favored by the board – seeking a report on the company’s diversity, equity and inclusion (DEI) efforts. Several other companies this proxy season have received similar shareholder proposals asking them to conduct racial equity audits. Investor...
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May 05, 2021
Millennials most likely to vote their proxy, survey finds
Among the boom in new retail investors, millennials are the group most likely to vote their proxy in the 2021 season, according to a new survey from Broadridge Financial. Almost half (46 percent) of retail investors aged 25-40 say they plan to vote their proxy in 2021, a figure that researchers say is the highest for any generation. Overall, 39 percent of investors with two years’ investing experience or less say they will definitely vote their proxy, with many (4...
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