CITIGROUP INC.
NYSE: C Meeting Date: 4/22/2014
After a relatively uneventful 2013, Citigroup’s shareholders have been walloped in recent weeks by a substantial writedown stemming from fraud at its Mexican subsidiary and the Federal Reserve’s rejection of its dividend and buyback plans. In light of these events and Citigroup’s repeated failure, in our view, to adequately link executive pay with performance, we recommend that shareholders closely evaluate the methodology of the bank’s annual incentive program and its disclosure thereof. Absent clearer disclosure, it is difficult to confidently determine whether this framework fully serves the interests of its long-term shareholders.
NESTLE SA
SIX Swiss Exchange: NESN Meeting Date: 4/10/2014
SVENSKA CELLULOSA AKTIEBOLAGET
NASDAQ OMX Nordic Stockholm: SCA.A Meeting Date: 4/10/2014
THE GOODYEAR TIRE & RUBBER COMPANY
NASDAQ: GT Meeting Date: 4/14/2014
RIO TINTO PLC (see Proxy Season Insider here)
London Stock Exchange: RIO Meeting Date 4/15/2014
TELECOM ITALIA
Borsa Italiana: TIT Meeting Date 4/16/2014
PARMALAT SpA (see Proxy Season Insider here)
Borsa Italiana: PLT Meeting Date 4/16/2014