Your editor had the honor to serve as the Inspector of Election at Intel’s 2009 annual meeting, the first “virtual annual meeting” ever.
It did not take a smart reporter very long to sniff out a problem with the way Apple reported its 2009 voting results – especially with regard to the “widely watched” Say on Pay proposal, which Apple reported had been defeated.
The first commandment when it comes to tabulating and reporting Meeting results is this: “Always prove every item to the Quorum”
Another of our very favorite topics has jumped to the forefront this season: We’ve been warning year after year about the need to be sure that you have the proper authority to adjourn your annual or special meeting…
When announcing results at the meeting, the best practice is to stick tightly to the numbers.
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.
We came away from the Society’s annual conference almost 100% certain that there would be “proxy access” in time for the 2010 meeting season.
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…
