Proxy Access & “Substantially Implemented”: Corp Fin Rules on 18 Shareholder Proposals

February 16, 2016 On Friday, Corp Fin posted 18 no-action responses over proxy access shareholder proposals for which companies had argued they should be excluded under Rule 14a-8(i)(10) the substantially implemented basis. Looks like the Staff is favoring the 3% ownership threshold requirement as compared to other terms (egs. number of nominees, group […]

Proxy Advisor/Company Interactions: Room for Improvement

January 22, 2016 A joint Nasdaq/US Chamber of Commerce survey of 155 public companies regarding their interactions with ISS and Glass Lewis during the 2015 proxy season revealed that only 25% of companies believed the proxy advisor carefully researched and took into account all relevant aspects of the particular issue on which it […]