Section: Oct. 6, 2022 | Vol 27, Issue 37
That didn’t take long. It’s only been six weeks since SEC rules requiring universal proxy cards (UPC) in contests for board seats took effect, and already dissident shareholders are using UPCs to gain footholds on corporate boards at two companies.
Thirty-one House Democrats wrote to Starbucks CEO Howard Schultz October 3 expressing concern about reports that the company is offering pay increases and benefits only to those employees at non-union stores.
James McRitchie, shareholder activist and publisher of CorpGov.net, filed a lawsuit October 3 in Delaware Chancery Court against the board and management of Meta (Facebook’s parent), alleging that they breached their fiduciary duty.
Companies are doing a poor job of linking CEO pay with GHG emissions reduction incentives, finds a new study by As You Sow.
The Conference Board’s latest Shareholder Voting Trends report finds that the popularity of shareholder proposals on racial equity audits skyrocketed in 2022.