TAG ARCHIVES: shareholder activism
Calpers Weighs Push for Sexual-Harassment Corporate Disclosure
• Policy would be added to pension system governance guidelines • ‘There’s some investment linkage,’ board president Mathur says The California Public Employees’ Retirement System, the largest U.S. pension […]
Shareholder Proposals in 2018: Something Old, Something New
The staff of the SEC’s Division of Corporation Finance responded to 124 shareholder proposal no-action letter requests in the first two months of 2018. This number is down […]
SEC Verdict on Climate Vote at Oil Driller Seen as ‘Out of Step’
A socially conscious investment firm managing $2.5 billion in assets is asking the Securities and Exchange Commission to rethink whether oil explorer EOG Resources Inc. can prevent shareholders […]
Kindred Faces Investor Suit Over Disclosure in $4.1B Humana Deal
Kindred Healthcare Inc. shareholders are asking a federal judge to pause the company’s $4.1 billion sale to Humana Inc. and two private equity firms until it fixes “misleading” […]
PayPal Directors Get Reprieve as Shareholder Venmo Suit Dismissed
PayPal directors caught a break in a shareholder derivative suit over alleged inadequate disclosures about problems with smartphone payment startup Venmo as a federal judge dismissed the case. […]
Goldman Sachs Gets a Pass in Teachers Retirement Class Action
Goldman Sachs will get another chance to defeat class action certification in a shareholder suit alleging it hid conflicts of interest when creating risky subprime securities before the […]
Apple Loses First-of-its-Kind Bid to Block Human Rights Proposal
Apple Inc. lost a first-of-its-kind bid to block an investor request for a new board committee focused on human rights. The proposal will go to a shareholder vote […]
Investor Suit Against BioScrip Board Over Drug Kickbacks Tossed
A BioScrip Inc. shareholder can’t sue the company’s directors over a kickback scheme involving Novartis Pharmaceuticals Corp.’s Exjade drug, Delaware’s highest court said. The Delaware Supreme Court, in […]
The Lawyers Behind Activist Shareholder’s Run for P&G’s Board
Shareholder activist Nelson Peltz is in the running for Procter & Gamble’s board of directors again, in a remarkable turn of events. His lawyers are already claiming victory. […]
Starbucks, Google Assailed by Shareholders Over Gender Policies
By Emily Chasan, Bloomberg News Investors focused on social issues are finding that trickle-down diversity doesn’t work. For years, they surmised that having enough women on boards and […]