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CALIFORNIA CORPORATE & SECURITIES LAW

Whole Foods Files Preliminary Proxy Statement Without Shareholder Proxy Access Proposal

Earlier this week, I wrote about Jim McRitchie’s “appeal” of the SEC staff’s decision to concur with the Whole Foods’ exclusion of his shareholder proxy access proposal based on the inclusion of a company proposal.  Yesterday, Whole Foods filed its preliminary proxy statement.  No one should be surprised to see that Whole Foods included its…

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Investor Voice May Rue Adoption Of Single Voting Standard

In yesterday’s post, I discussed why the Council of Institutional Investor’s blanket policy eschewing the counting of abstentions may be neither good nor legal.  CII, however, isn’t the only proponent of not counting abstentions.  As Broc Romanek reported in his Proxy Season Blog, a Seattle based group by the name of Investor Voice SPC is submitting shareholder…

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Is A Popularity Contest The Best Way To Pick A Proxy Advisor?

Koheleth wrote that “there is nothing new under the sun”, but there are a many ideas that are new to me.  Such is the case with the shareholder proposal recently submitted by James McRitchie (Corpgov.net) to Cisco Systems, Inc.  In general, he proposes that Cisco’s board establish a competition for proxy advisory firms.  These firms would pay a fee (he…

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