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This bank governance reform idea failed before. Will now be different?

This bank governance reform idea failed before. Will now be different?
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Newsnight

so where does that leave us? well, most experts agree that getting to net zero will not simply be a question of pulling one lever, whether government action, technological innovation or shareholder activism, but rather many levers. will tomorrow's bp vote prove to be a successful one? that remains to be seen. let's talk to courteney keatinge, senior director for environmental and social governance at glass lewis. they are investment advisers who have advised investers not to support the follow this resolution. thank you very much for talking to us. why are you advising your clients not to back this resolution? absolutely. when we are looking at proposals like this, we really are trying to understand if adoption of the proposal would help shareholders. we are looking at this through the lens of shareholder value, and in ourview, through the lens of shareholder value, and in our view, the proposal wasjust a bit value, and in our view, the proposal was just a bit too prescriptive, value, and in our view, the proposal wasjust a bit too prescriptive, and in our view, the board and

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How Small Companies Suffer When Investors Vote in Lockstep With Proxy Advisors

Delegating shareholder votes to ISS and Glass Lewis is cost-effective, but it often undermines smaller companies’ diversity goals.

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Analysis-Blue-collar director vote gives U.S. labor another crack at Amazon.com


Analysis: Blue-collar director vote gives U.S. labor another crack at Amazon.com
Reuters
1 hr ago
By Ross Kerber and Jeffrey Dastin
© Reuters/BRENDAN MCDERMID
FILE PHOTO: Amazon's JFK8 distribution center in Staten Island, New York City
By Ross Kerber and Jeffrey Dastin
(Reuters) - After a failed union-organizing effort at Amazon.com Inc last month, labor advocates are looking to the company's annual shareholder meeting on Wednesday, hoping for a chance to get a worker on the board of directors of the world's largest online retailer.
A resolution from shareholders including nonprofit Oxfam America calls for Amazon to consider nominating an hourly employee to its board. The proposal picked up valuable, and rare, backing from top proxy adviser Institutional Shareholder Services.

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Analysis-Blue-collar director vote gives US labor another crack at Amazon.com


Analysis-Blue-collar director vote gives US labor another crack at Amazon.com
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Analysis-Blue-collar director vote gives US labor another crack at Amazon.com
After a failed union-organizing effort at Amazon.com Inc last month, labor advocates are looking to the company's annual shareholder meeting on Wednesday, hoping for a chance to get a worker on the board of directors of the world's largest online retailer.
FILE PHOTO: An employee pulls a cart full of items at Amazon's JFK8 distribution center in Staten Island, New York, U.S. November 25, 2020. REUTERS/Brendan McDermid.
25 May 2021 07:10PM
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Analysis: Blue-collar director vote gives U.S. labor another crack at Amazon.com


Analysis: Blue-collar director vote gives U.S. labor another crack at Amazon.com
By Ross Kerber and Jeffrey Dastin
Reuters
(Reuters) - After a failed union-organizing effort at Amazon.com Inc last month, labor advocates are looking to the company's annual shareholder meeting on Wednesday, hoping for a chance to get a worker on the board of directors of the world's largest online retailer.
A resolution from shareholders including nonprofit Oxfam America calls for Amazon to consider nominating an hourly employee to its board. The proposal picked up valuable, and rare, backing from top proxy adviser Institutional Shareholder Services.
Amazon's board has recommended that shareholders reject the proposal, and very few U.S. companies give workers a board seat. Still the concept is gaining attention as investors focus on income inequality and social justice issues.

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Analysis: Blue-collar director vote gives U.S. labor another crack at Amazon.com

Analysis: Blue-collar director vote gives U.S. labor another crack at Amazon.com
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Warren Buffett faces impatient investors as Berkshire Hathaway returns decline


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Jane Fraser Rises to Citi CEO, Faces Challenges and Deadlines


Jane Fraser Rises to Citi CEO, Faces Challenges and Deadlines
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Jane Fraser’s early career advising financial firms on tough problems is about to come in handy atop
Citigroup Inc.
Jane Fraser
Fraser faces a slew of challenges — and several looming deadlines — as she becomes chief executive officer of the third-largest U.S. bank on Monday. Her to-do list includes overhauling controls to satisfy regulators, reshaping operations around the globe, meeting environmental and workforce-diversity goals and guiding the firm out of a pandemic that’s forced many of its employees home and eroded revenue.
In one sign of what’s ahead, her executive team is likely to tell the Office of the Comptroller of the Currency the company needs to hire thousands of coders and compliance officers to see through mandated improvements, according to a person familiar with the plan. Behind the scenes, the recruiting spree already has begun, pushing up costs this quarter.

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