Coping With The Loss Of The Broker Vote: Our Top-Ten “Strategic Tips” On What You Should Be Doing…. Now
Unless you’ve been living under a rock somewhere, you know of course that NYSE Rule 452, aka the “broker-may-vote rule”, aka the “ten-day-rule”
Unless you’ve been living under a rock somewhere, you know of course that NYSE Rule 452, aka the “broker-may-vote rule”, aka the “ten-day-rule”
For openers, how about 100+ proposals for shareholders to have a “say on pay”?
The season opened with a big loud bang, when Bank of America’s chairman Ken Lewis was stripped of his chairmanship by a binding vote to separate the Chairman and CEO roles.
A Delaware court ruled that a binding-bylaw proposal that would prohibit the company from seating any director who failed to achieve a majority vote in an uncontested election had to be included on the ballot at Trico Marine Corporation…
In a move that was mighty hard for followers of the current credit market mess to miss – but one that warrants additional notice, we think – Regions Financial Corp. took four full pages of the March 18th Wall Street Journal – the first page in impossible-to-ignore chartreuse, which added even more big money to the big media ‘buy’ – to reprint the first four pages of its Annual Report.
It’s that time again, for one of our longest-running and most-read columns…And this year, emulating those “bests” and avoiding those “worsts” seems more important than ever.
Let’s take our own advice and cut straight to the chase: WHY is it the best annual meeting we’ve ever been to? Three big reasons; it’s a huge moneymaker for Berkshire Hathaway shareholders…it treats shareholders with the total respect they deserve…and…it’s a ton of fun.
Wow, we noticed… it’s been 10 years since we listed our top-ten proofreading tips… tips which several readers told us they had tacked to their walls.
The first thing to catch our eye; the number of “official proxy fights” already underway is 33% higher than last year ’s previously record-breaking rate
Every year around this time we try to reflect on the Spring Annual Meeting Season – to try to make some sense out of all the things we saw, and heard, and read…
By Rhoda Anderson, President, Rhoda Anderson Associates, and Co-Founder, EZOnlineDocuments
An Interview with Richard C. Ferlauto, Director Corporate Governance and Pension Investment, American Federation of State, County and Municipal Employees, AFL-CIO