Mr. Corp Gov 🌎

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131 Posts
#CorpGov intersection with #NetZero #EnergyTransition policy | #ESG data integration, proxy voting, engagement | #RacialEquity | Toots/likes = my own
National Legal and Policy Center files 10 page solicitation today urging Apple’s investors to vote against former VP Gore. “His primary benefit to the board is his supposed climate change expertise. However, Mr. Gore’s public reputation is inconsistent with his track record, his carbon-intensive lifestyle, and his actual investments” https://www.sec.gov/Archives/edgar/data/320193/000109690623000437/nlpc_px14a6g.htm
#ProxySeason #CorpGov
ISS has recommended shareholders support this year’s Say-on-Pay proposal at Apple $AAPL after last year’s recommended vote against. Tim Cook requested his target total comp be reduced 40% from ‘22 target.
#CorpGov #ExecPay #CEOpay
https://www.reuters.com/technology/iss-urges-apple-shareholders-vote-ceo-tim-cook-other-execs-pay-packages-2023-02-18/
ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages

Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc's <a href="https://www.reuters.com/companies/AAPL.O" target="_blank">(AAPL.O)</a> investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook.

Reuters
Tyson Foods AGM results out $TSN

~5% support—~14% of Class A shares—for the shareholder proposal regarding instituting a policy to “comply with World Health Organization guidelines on use of medically important antimicrobials in food-producing animals” #ESG #CorpGov https://www.sec.gov/Archives/edgar/data/100493/0000100493-23-000049-index.html
EDGAR Filing Documents for 0000100493-23-000049

First reference of “anti-ESG” in a SEC filing (that I’m aware of): Carlyle Group $CG refers to it in the context of their “…ability to raise capital from third-party investors” among the 10-K risk factors. #ESG #CorpGov https://www.sec.gov/Archives/edgar/data/1527166/0001527166-23-000014-index.html
EDGAR Filing Documents for 0001527166-23-000014

MSCI references the term “greenwashing” in its 10-K risk factors for the first time. Filed yesterday: https://www.sec.gov/Archives/edgar/data/1408198/0001408198-23-000011-index.html
#ESG #CorpGov #Greenwashing
EDGAR Filing Documents for 0001408198-23-000011

“Today’s action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair, and truthful disclosure and investor protection.”

https://www.sec.gov/news/press-release/2023-25

SEC.gov | Kraken to Discontinue Unregistered Offer and Sale of Crypto Asset Staking-As-A-Service Program and Pay $30 Million to Settle SEC Charges

SEC Division of Examinations publishes 2023 examination priorities
#CorpGov #ESG
https://www.sec.gov/news/press-release/2023-24
SEC.gov | SEC Division of Examinations Announces 2023 Priorities

“The [Insightia Activist] Index has returned 322% since 2008, which sounds wonderful—but the S&P Index has returned 425%…”

https://open.spotify.com/episode/01NlxkIkzmOqQYTIQJuxDR

#CorpGov #Activist #Activism

Activists, Shmactivists

Listen to this episode from Barron's Streetwise on Spotify. Plenty of companies need fixing. But the evidence suggests Wall Street isn’t particularly good at the job. Learn more about your ad choices. Visit megaphone.fm/adchoices

Spotify
Kirby $KEX enters into cooperation agreement with hedge fund, adds board director #CorpGov #Activism
Hormel Foods $HRL shareholder proposal regarding compliance with WHO guidelines on antimicrobial use in food-producing animals receives ~6% support #ProxySeason #ESG #CorpGov #supplychains