In the majority of cases, announcements of
shareholder proposals alert less informed investors to a potential conflict between managers and owners.
The company added that as per its earlier decision, the deadline for shareholders to submit trustee nominations or
shareholder proposals for presentation before the meeting was at the close of business on 1 December 2015 and any shareholder who wishes to submit a trustee nomination or
shareholder proposal for presentation at the 2017 annual shareholder meeting, must do so in writing as required under its by-laws no later than 28 November 2016, to its corporate secretary Anita Cooke Wells at 3 Bethesda Metro Center, Suite 1000, Bethesda, Maryland 20814.
Carol Bowie, IRRC's director of corporate governance research, says that companies have taken concrete, responsive action on 67 of the 167
shareholder proposals (about 40 percent) that received majority support in 2003.
Shareholder proposals to adopt annual elections received a majority vote of support in 2002 and 2003.
Investors Research Responsibility Center (IRRC), a non-profit organization which tracks corporate governance issues, notes that
shareholder proposals that came to vote in the firms it tracks grew from 55 in 1986 to 99 in 1987, 186 in 1988 and 254 in 1989.
The shareholders voted to support each of the three proposals submitted by AIG, and, as the AIG Board recommended, shareholders withheld support for the three
shareholder proposals submitted for consideration.
M2 EQUITYBITES-October 20, 2014-Special Opportunities Fund announces submission of
shareholder proposals to four closed-end funds
NYSE:TXI) Board of Directors and pass three corporate governance
shareholder proposals at the company's annual meeting scheduled for Oct.
Further, the company mentioned that since it has moved the date of its meeting by over 30 days from its last annual shareholders' meeting, the deadlines for submissions of
shareholder proposals at the meeting have changed as well.
has nominated three candidates for election to the Texas Industries Board of Directors and plans to submit three corporate governance
shareholder proposals to shareholder vote at the company's annual meeting scheduled for Oct.
Shareholders of Horizon Bancorp (NASDAQ: HBNC) met May 7 to re-elect four members to the company's board of directors and approve two
shareholder proposals.
The
shareholder proposals submitted for 30 Vanguard funds and 6 CREF accounts are part of a broad campaign of shareholder action coordinated by Investors Against Genocide.
