After months of suspense, both Royal Bank of Canada and Toronto-Dominion have bowed to investor pressure and adopted U.S.-style proxy access. Both companies faced non-binding shareholder proposals requesting the provision at their 2017 AGMs, receiving [...]
On Thursday March 5th several institutional investors joined Glass Lewis on a conference call to discuss proxy access, i.e. the right for shareholders to nominate director to company boards. The discussion included a review of [...]
In 2015, approximately 100 companies will face shareholder proposals seeking a proxy access right that would allow certain large, long-standing shareholders to nominate directors to a company's board without going through a typical proxy contest. [...]