Section: May 25, 2023 | Vol. 28, Issue 20
At JPMorgan Chase, Environmental Proposals Receive Varying Levels of Support
A proposal filed by As You Sow asking JPMorgan Chase to issue a report disclosing a transition plan that describes how it intends to align its financing activities with its 2030 sectoral greenhouse gas emissions reduction targets received 35% of the votes cast at the company’s May 16 annual meeting.
Monro Agrees to Eliminate Stealth Dual-Class Structure, Declassify Board

After a two-year push by Ides Capital Management, Monro announced May 18 that its board approved plans to eliminate the company’s Class C preferred stock and to declassify. Both of these governance reforms will come to shareholder votes at Monro’s August 15 annual meeting.
Bill to Phase Out Fossil Fuel Investment by CalPERS and CalSTRS Advances in State Senate
The California Senate Appropriations Committee passed a bill last week that would phase out investment by CalPERS and CalSTRS in fossil fuels.
BlackRock Supported Fewer Shareholder Proposals in 2022
BlackRock voted for significantly fewer shareholder proposals in 2022 than it did in 2021, reveals the asset manager’s 2022 Investment Stewardship Annual Report.