On Nov. 4, 2022, ISS released its proposed benchmark policy changes for 2023. For Canada, the two policy consultations deal with board composition and accountability matters, respectively. The proposed voting policies are not new constructs as they were already announced in other markets last year. Thereby, most readers should not be surprised of their inclusion …
Proposed Policy Updates For Canada in 2023: ISS and GL Read More »
Beyond The Boardroom on Apple PodcastsKieran Poole is joined by Emmanuelle Palikuca of Alliance Advisors and Insightia’s Rebecca Sherratt to discuss The Proxy Voting Annual Review 2022. Emmanuelle is the managing director and head of sustainability advisory at Alliance Advisors. Join the conversation about the free report using the hashtag #PVAR2022 on Twitter and …
As the number of retail investors is growing at record-breaking levels, growing numbers of issuers are needing retail shareholder votes to secure positive proxy outcomes. Historically, retail shareholders have not been active drivers behind the vote but as the percentage of shares they own grows, it could make the difference in management winning support for …
Best Practices: Retail Investor Voter Engagement Read More »
Equity Incentive plan proposals are the most common proxy proposal that all US companies will have to encounter at some point besides the legally required directors, auditors, and say on pay proposals. An against recommendation from ISS or Glass Lewis on this proposal can be concerning especially at the beginning of the voting process if …
What has not received much coverage, however, is a bill that has been proposed by republican Senator Dan Sullivan, along with cosponsors Pat Toomey, Mike Crapo, Chuck Grassley and others. The bill, S. 4241, known as the “INvestor Democracy is EXpected Act” or INDEX Act, has largely flown under the radar so far, but it …
The foundation of successful governance policies and quality shareholder engagement is built throughout the calendar year. Boards who stay ahead of the game are the winners at shareholder meeting time. Engaging with your shareholders should be done at a regular cadence that encourages a strong relationship and partnership. Shareholder engagement should be proactive and focused …
Thomas Ball, senior vice president at proxy solicitor Alliance Advisors LLC, said their recommendation reports will have a bigger than usual effect on the result. “Beyond the normal reasons, the proxy adviser recommendation reports will give institutions support to explain their votes,” Ball said. “If ISS recommends for Engine No. 1’s candidates, investors could cite …
Index Funds, Proxy Advisers Key to Engine’s ESG Exxon Proxy Fight Read More »
Thomas Ball, senior vice president at proxy solicitation firm Alliance Advisors LLC, said a proxy contest with two dissident slates on a board with staggered elections could get messy. “It comes down to the four highest vote getters, whether it is Blackwells’ candidates, Land & Buildings’ nominees or the incumbent slate,” he said. “Investors could …
Double Proxy Fight Complicates Monmouth REIT Battle Read More »
While, on the face of it, board diversity reporting may appear to be less of a priority, Brian Valerio, senior vice-president at Alliance Advisors, shared with Insightia that the issue has benefitted from advanced regulatory action, making shareholder proposals on this topic somewhat redundant. One such example is the SEC’s decision in late 2021 to …
“This platform is coming at an opportune time given the rise in shareholder proposal submissions and proposals that are going to votes,” Brian Valerio, senior vice-president, advisory group at Alliance Advisors told me in an interview. “The retail investment community is notoriously underrepresented at shareholder meetings, but there is growing sentiment and evidence that retail …
