Council of Institutional Investors

Section: May 6, 2022 | Vol 27, Issue 17
CII Members’ Proposals Stake Out Novel Social Issues
This proxy season, some CII members are rolling out novel shareholder proposals on topics ranging from business operations in conflict-affected areas and the classification of employees in their supply chains to equitable vaccine distribution.
SOC Investment Group Takes Aim at Yum! Brands’ Special Awards to Executives
Concerns over special awards granted to Yum! Brands’ named executive officers prompted the SOC Investment Group to urge the company’s shareholders to vote against say on pay at Yum!’s May 19 annual meeting.
Caesars Entertainment to Adopt Majority Voting
Caesars Entertainment has agreed to implement a majority vote standard for uncontested director elections at a July 2022 board meeting in the wake of a threat by UNITE HERE to refile a proposal asking the company to adopt the standard.
Proposal Seeking More Disclosure on Rule 10b5-1 Plans Nearly Passes
At the Abbott Laboratories April 29 annual meeting, 49% of shareholders voted for 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.
GM Begins Tying Executive Compensation to EV Targets
General Motors will tie part of its executive compensation to various electric vehicle (EV) measures, GM CEO Mary Barra announced last week.
Credit Suisse Shareholders Hold Management Accountable for Previous Missteps
Sixty percent of the votes cast at Credit Suisse’s April 29 annual meeting opposed a proposal that acts as a vote of confidence in the company's management and policies: a normally routine request that shareholders approve formal discharge of responsibility of the board and senior management for the fiscal year in review and the fiscal year prior to that.