Council of Institutional Investors

Section: April 28, 2022 | Vol 27, Issue 16
Clashing Proposals on Civil Rights Audits Present Opposing Views on Proxy Ballots
This proxy season opposing views on how to address racial discrimination in the workplace are playing out at corporate annual meetings.
NYC Pension Funds Press for Changes to Rule 10b5-1 Plans
At Abbott Laboratories’ April 29 annual meeting, shareholders will vote on a proposal filed by the New York City Pension Funds asking the company to adopt a cooling off period of at least 120 days between the adoption of a Rule 10b5-1 plan and initial trading under the plan.
Ukranians Ask SEC to Require Corporate Disclosure of Dealings in and with Russia
The Ukrainian-American Bar Association, a former Ukrainian finance minister and a U.S. charity focused on Ukraine filed a rulemaking petition with the SEC April 14, asking the commission to enact a rule requiring companies to disclose their business dealings in and with the Russian Federation and the Republic of Belarus.
Guess Reappoints Controversial Directors Despite Low Support Among Outside Shareholders
While a press release issued by Guess says all four of the directors up for re-election at the company’s April 22 annual meeting were elected, another press release by Legion Partners, which ran a vote-no campaign at the company, explains that 83% of unaffiliated shareholders voted to oust director Paul Marciano.
Walmart Shareholders Set to Vote June 1 on Seven Proposals on Wide Range of Issues
Walmart shareholders will vote on seven shareholder proposals on topics ranging from reproductive healthcare legislation to charitable donation disclosure at the company’s June 1 annual meeting.
As Pandemic Eases, Executive Compensation Comes Roaring Back
During the pandemic, companies made salary cuts, adjustments to bonus payouts, changes in long-term incentive plans (LTIPs) and more, but now that Covid-19 numbers are dropping, CEO pay is rising steadily, finds a new report from Equilar.