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 »
This proxy season, investors stepped up their efforts to hold companies to account on managing climate-related risk, writes Emmanuelle Palikuca, managing director, head of sustainability advisory, Alliance Advisors. Corporate climate action is falling short of the requirements to limit global temperature increase to 1.5°C, making the threat of global warming an all-too real risk. In …
During the 2021 US proxy season, shareholders sent a clear message that management of environmental and social risks should be a top priority for companies. The 2022 US proxy season underscored this further with the submission of a record 247 environmental and social proposals, an increase of 74 percent. As shareholders continued to evolve their …
Spotlight on ESG: Key developments from the 2022 US proxy season 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 …
“Dual-class share structures are particularly favored by founders seeking to maintain control while also having access to public markets,” Brian Valerio, senior vice president, advisory group at Alliance Advisors told Proxy Monthly in an interview. With this share structure, shortterm issues raised by shareholders pose “less significant concerns” for management while the dual-class structure also …
Thomas Ball, senior vice president at proxy solicitor Alliance Advisors LLC, said that even though Blackwells couldn’t win a proxy contest, Aintabi might try to launch one in an effort to show that a large number of shareholders are supportive of his agenda. “If you get 90% of the unaffiliated shares voting in your favor, …
Reasons why the shareholder support for directors is in decline: “Institutional investors vote against directors more frequently and for more reasons than they would have in the past,” Brian Valerio, senior vice president at Alliance Advisors, said in an interview with Activist Insight Online. Overboarding and diversity are two key reasons for votes against directors, …
The Trend: Shareholder support for directors is in decline Read More »
“Shareholders strongly opposing disconnects between pay and performance, adjustments to long-term incentive plans, and overall pay magnitude are among the common themes that came across the reasons for failures although, they were diverse,” Brian Valerio, vice president at Alliance Advisors, said in an interview for this report. Download the Report Here
Thomas Ball, senior vice president at proxy solicitor Alliance Advisors LLC, said it’s unclear how many eligible BlackRock clients will take advantage of the opportunity, noting that many without stewardship teams or voting policies will continue to let BlackRock and its team decide how to vote. “Some of this may be window dressing to take …
