Engagement
Each year since 1998, we have monitored majority-vote-winning shareowner proposals and sent letters to the boards of each company urging them to adopt the action that their shareowners supported. Similarly, we write to boards where director-nominees failed to win majority support in uncontested elections yet kept their seats. CII letters ask that these nominees resign from the board and not be reappointed.
Occasionally CII seeks dialogue with select companies where boards have not responded for multiple years to majority-shareholder requests. For example, in 2012 we focused on companies that had repeatedly 1) declined to implement annual elections for all directors or a majority vote standard for uncontested elections, despite majority-supported shareowner resolutions requesting those steps; or 2) declined to remove a director who failed to win majority support.
Learn more about CII action on majority-supported shareowner proposals (members only)
Learn more about CII's campaign against "zombie" directors who keep their seats despite failing to win majority support (members only)
Learn more about CII's special engagement with select companies (members only)