Don't you think that the majority either don't vote or usually vote with the recommendations?

ltr

 

I usually vote with management, but read the proposals. The one I parted with mgmt recommendations was to recommend having an independent board chair as a new requirement.

 

I used to vote with management recommendations.

Then after reading several of managements' reasons for rejecting shareholder proposals, I started voting opposite of all management recommendations.

1) All nominees - against;

2) Auditor - against;

3) Executive compensation - against;

4) Individual Shareholder proposals and resolutions - for

5) Say on Pay - against

 

I often vote for the shareholder proposals. I usually support the Board nominees but like an independent chairman.

 

I like an independant chairman, I almost always vote against shareholder proposals, they seem to be loaded with racist social justice garbage lately.

Sorry I just don't care about peoples race or gender. If they do a good job, good. I don't believe that race or gender is a particularly effective predictor of performance for most tasks.
It might come into play for the most gross performance measures, but those can easily be measured with an appropriate test.

 

Having been there, I know that executive salary reviews are a sham.

Making a statement on ecology issues is valid and covered in usual corporate speak.

Yes some of them are pretty silly.

 

As a Former Board member who served on the Compensation Committee of a public corporation, i disagree with the suggestion that executive salary reviews are a sham.

 

Or you are already happy with your compensation package.

The management discussion, details and shareholder proposals/management responses have always been entertaining for me. It made it easy to spot how out of lunch the claim that a recent CEO severance was a record when about eight years previously, an ousted CEO was paid about five times as much for nine months tenure.


Cheers

PS
As life has become busier, I haven't been reading them as much or voting.