Shareholders & activism archive
The week in GRC: ExxonMobil defeats climate lawsuit, and Saudi Aramco celebrates IPO
– Jefferies has agreed to pay almost $4 million to draw a line under accusations it mismanaged its ADR program, according to the...
Experts highlight need for engagement flexibility
Zevin Asset Management criticizes shareholder proposal reform plan
Zevin Asset Management has complained to the SEC about its plans to raise thresholds for submitting shareholder proposals, while...
Glass Lewis responds to SEC’s 14a-8 no-action shift
Glass Lewis will expect companies to keep shareholder proposals they don’t like on their proxies even if the SEC declines to rule...
SEC proposal highlights differences on shareholder proposals
The SEC on Tuesday voted to propose amendments to Rule 14a-8, which governs the process for determining which shareholder...
Canadian shareholder activism increases in scope, says Laurel Hill
Shareholder activism in Canada is evolving and becoming more sophisticated. While down in terms of volume, it has ‘grown in...
The week in GRC: ISS sues SEC over proxy adviser guidance, and AT&T reaches deal with activist
– The Wall Street Journal reported that AT&T reached a truce with activist investor Elliott Management, which had been pressing...
SEC investor advocate seeks action on dual-class shares
SEC investor advocate Rick Fleming has urged the commission and US exchanges to take action against dual-class share structures...