Corporate Governance

NCPERS? Model Proxy Voting Guidelines

By Adam G. Kurtz

In response to the SEC?s issuance of new proxy access rules ? although such rules have now been stayed pending legal challenges ? the National Conference on Public Employee Retirement Systems (NCPERS) developed and published Model Proxy Voting Guidelines.  A copy of these Model Proxy Voting Guidelines is available here.  An outline of these guidelines follows:

I. Introduction

II. Management Proposals

1. Routine Election of Board of Directors.
2. Routine Election of Board of Directors.
3. Contested Election of Board of Directors
4. Ratification of Auditors
5. Executive Compensation
6. Employee Stock Ownership Plans
7. Increases in Common and Preferred Stock
8. Anti-takeover Devices
9. Reincorporating
10. Mergers And Acquisitions
11. Creation of Dual or Tracking Stock
12. Approving Other Business
13. Routine Proposals

III. Shareholder Proposals

For years, NCPERS has advocated for improved corporate governance through shareholder proposals and proxy voting.

Full post as published by PomTalk on October 22, 2010 (boomark / email).