April 25, 2012
Three Investors Update Their Proxy Voting Guidelines
– Broc Romanek, CompensationStandards.com
Recently, three investors updated their voting guidelines:
1. AFL-CIO proxy voting guidelines
2. Vanguard’s compensation principles [see this Towers Watson blog entitled “Into the Vanguard: Greater Transparency to the Shareholder Engagement Process“]
3. Florida State Board of Administration proxy voting guidelines [Among other changes, the guidelines advocate separation of CEO and chair roles “as part of any success planning event,” and indicates general support for proxy access proposals if they set a minimum equity ownership threshold of 1 percent and require at least a 1-year holding period]