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3 ways you can make your views heard on shareholder issues

“The best, and potentially most successful, way to address environmental, social and corporate governance (ESG) issues is through shareholder engagement” writes Meredith Jones for marketwatch.com. Investigate the shareholder voting policies of your mutual funds and ETFs.To discover the shareholder engagement policies of your favorite mutual fund or ETF, you often need look no further than the closest internet browser.While historically not wildly successful, recent research by The Conference Board and Rutgers Center for Corporate Law and Governance suggests that ESG shareholder initiatives may be gaining in popularity. Source: marketwatch.com Share This:

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SEC works to reduce corporate-reporting standards after Trump tweet

“Clayton intends “to move forward with the staff recommendations” and will prioritize those that would benefit long-term Main Street investors” reports washingtonexaminer.com. Some corporate executives have said the practice of announcing quarterly earnings targets, common among publicly traded U.S. corporations when disclosing mandatory financial data, encourages short-term tactics that can undermine a company’s long-term health.”With these long-term, retail investors in mind, we also should consider whether there are factors, in addition to the amount invested and the length of time shares are held, that reasonably demonstrate that the proposing shareholder’s…

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Musk suggests Tesla’s new chairwoman won’t rein him in

“The SEC settlement would allow Musk to return as chairman after three years, subject to shareholder approval” reports thebusinessjournal.com. Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla’s board last month, replacing Musk as part of as part of a securities fraud settlement with U.S. government regulators.The SEC settlement also required the company to vet Musk’s tweets and other comments about the company before they are released to the public.published on December 10, 2018 – 1:12 PM Written by Associated Press (AP) — Tesla CEO Elon Musk dismissed…

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News Oil 

Energy firm faces shareholder challenge over carbon targets

“BP, Chevron and ExxonMobil face a shareholder challenge to set carbon targets in line with the Paris climate agreement, as a green group seeks to repeat its success in pressuring Shell to set environmental benchmarks” writes Adam Vaughan for theguardian.com. When Shell’s chief executive, Ben van Beurden, laid out an ambitious long-term carbon target last year, he acknowledged the role played by a resolution on carbon targets submitted by Dutch activist shareholders Follow This.That is considered an important step beyond oil companies just cutting emissions from their own operations. Source: theguardian.com…

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Top shareholder’s candidate for chairman elected to Danske Bank board

“COPENHAGEN (Reuters) – Danske Bank shareholders elected Karsten Dybvad, who was proposed by top shareholder A. P. Moller Holding as the bank’s new chairman, to the board at an extraordinary general meeting (EGM) on Friday” writes Midwest Communications Inc for 95kqds.com. Former chairman Ole Andersen was ousted by A. P. Moller Holding following a major money laundering scandal at the bank’s Estonian branch. Source: 95kqds.com Share This:

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Danske owners to vote on chairman to steer bank through crisis

“COPENHAGEN (Reuters) – Danske Bank shareholders meet on Friday to elect a new chairman they hope will help steer Denmark’s top lender safely through a multi-billion euro money laundering scandal that has caused outrage at home and abroad” writes Midwest Communications Inc for 95kqds.com. Given the depth of the crisis and the threat of regulatory penalties, some are relieved at the top shareholders’ activist approach.The Maersk shipping tycoon family, top shareholder with a 21 percent stake, has nominated Karsten Dybvad, 62, who they hope can help to “instill and safeguard…

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Senate Banking leaders disagree on measures curbing stockholder influence

“Senate Banking Committee leaders disagreed Thursday on whether Congress should enact new laws governing corporate shareholder votes even as the Trump administration explores what actions it can take on its own” reports washingtonexaminer.com. Alongside changes to the shareholder proposal process, organizations like the U.S. Chamber of Commerce are also seeking regulatory or legislative action to rein in the influence of so-called proxy advisory firms, which provide voting recommendations to shareholders.”Folks in this town want to stack the deck even further against Main Street, small-time investors,” Sen.Currently, investors with as little…

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Obama-era SEC official pushes Senate to rein in corporate advisory firms

“And without congressional attention to the issue, “the outsized role of proxy advisory firms will only continue to grow.”” reports washingtonexaminer.com. Additional regulation is needed to curb the growing influence of advisory firms on corporate shareholder votes, one former federal official plans to tell the Senate Banking Committee on Thursday.In a letter to the SEC last month, Blackrock said improvements to transparency around proxy advisory firms “would benefit all stakeholders.”. One proposal under consideration is requiring additional communication between the proxy advisory firms and the companies on which they’re issuing…

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8 key takeaways from Business Insider CEO Henry Blodget’s opening IGNITION keynote on ‘Better Capitalism’

“Business Insider CEO Henry Blodget kicked off IGNITION 2018 on Monday with remarks on the role of businesses and shareholders in our current economy” writes Paige Leskin for businessinsider.com. His presentation, titled “It’s Time for Better Capitalism,” laid out the idea that businesses need to take into account more than just their shareholders, who are the economic elite.To better benefit the economy, Blodget said, we need to create “better capitalism,” which means creating value for shareholders, yes, but also the employees who work at the company, its customers, and society…

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Nissan aims to nominate new chairman by around December 20: source

“The new chairman would hold the post “at least” until Nissan’s next shareholder meeting” writes Midwest Communications Inc for 95kqds.com. No decision on whether to hold an extraordinary shareholder meeting has been made, the source added.The nomination will be done by the Japanese automaker’s newly created advisory committee that includes the company’s three independent directors. Source: 95kqds.com Share This:

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