Corporate Governance

BlackRock Appoints New Governance Leader

Reuters announced yesterday, the appointment of Ray Cameron as BlackRock’s new head of the americas within its investment stewardship segment. Mr. Cameron will report to BlackRock’s Managing Director and Global Head of Investment Stewardship, Michelle Edkins. He will succeed former head of the Americas, Zach Oleksiuk, who moved on from BlackRock as the leader of …

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S&P 500 CEO Pay Rankings for 2017 (Median Employee Pay Included)

If you haven’t laid eyes on the 2017 CEO Pay Rankings for the S&P 500 it is always an insightful read. Most noteworthy, is the Median Employee Pay column, in addition to the shareholder return column as well. Most readers are accustomed to seeing the CEO pay amounts YOY, and thus turn their attention directly …

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Retail Investors form Main Street Investors Coalition

Retail investors are fed up. My first governance blog post addressed this issue of retail investor frustration and the need for much needed change and improvement in the proxy voting system to ensure retail investors had a meaningful voice that wasn’t overshadowed by large institutional investors. In his new role as Chairman of the SEC, …

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Environmental & Social Shareholder Proposals Take the Lead

It comes as no surprise that environmental and social shareholder proposals have emerged as the top proposals submitted for 2017, accounting for 54% of all ESG proposals in the United States. As more investors continue to press companies on their future outlook and strategy regarding E&S issues, we will continue to see an uptick in …

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Best Practices Committee for Shareowner Participation in Virtual Annual Meetings

There is much debate over the topic of virtual annual shareholder meetings. From hybrid meetings to virtual only meetings, shareholders and companies are not yet aligned on which approach is best and most appropriate. In the press, some companies have been slammed by shareholders for conducting virtual meetings. Shareholders are sensitive about the topic because, …

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Glass Lewis Policy Update: Board Oversight of E&S Issues

Glass Lewis’s 2018 Proxy Season Preview (U.S.) provides an update that is noteworthy for companies to be mindful of in 2018 and beyond. Regarding Board Oversight: In 2018, Glass Lewis will identify the directors who have been assigned specific oversight of environmental and social issues at the committee level, for companies in the S&P500 index. …

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BlackRock Unveils New Funds that Exclude Gun Makers & Gun Retailers

In the wake of the Parkland, Florida high school gun shooting that took the lives of 17 people, amid rising pressure from its investor clients, BlackRock, has now created options for its investors who do not wish to invest in gun manufacturers and gun retailers. Recall in our previous blog post, BlackRock stepped up its …

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