Council of Institutional Investors

Section: June 1, 2023 | Vol. 28, Issue 21
Lower Votes on Environmental Proposals at Chevron, ExxonMobil Reflect Larger Trend
Indicative of a larger trend that is unfolding this proxy season, shareholders at ExxonMobil and Chevron snubbed climate and other environmental proposals at the companies’ May 31 annual meetings.
Amazon Shareholders Continue to Express Frustration with Pay
At Amazon’s May 24 annual meeting, just 68% of the votes cast supported Amazon’s say on pay and 29% of shareholders voted against the re-election of Compensation Committee Chair Judith McGrath.
House Clears Bill Requiring Multi-Class Companies to Disclose Info on Voting Power
The House in a 347-30 vote passed the Enhancing Multi-Class Share Disclosures Act, H.R. 2795 May 30.
Japan’s Seven & i Fends Off ValueAct Board Candidates
Three director candidates nominated by ValueAct Capital as part of its proxy fight at Seventh & i failed to win election at the company’s May 25 annual meeting. But, the asset manager remains optimistic that its actions will spur change at the Japanese retail company, the parent of 7-Eleven.