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Clorox also announced that it had implemented a shareholder rights plan, commonly known as a poison pill, intended to make an undesirable takeover prohibitively expensive.
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We recommend that companies considering implementing a shareholder engagement program seek out their largest institutional shareholders.
ISS may issue negative vote recommendations against directors of companies that do not implement a majority-supported shareholder proxy access proposal substantially in accordance with its terms.
Shareholder proposals, if implemented subsequent to a shareholder vote or prior to through the process of engagement, while perhaps not reducing shareholder wealth, may at best do nothing to enhance it.
"I am dismayed that Lions Gate's board of directors chose to implement a poison pill and thus deny their shareholders the opportunity to participate in our offer.
Twitter suggested that other companies might want to implement a similar policy, but one lawyer said shareholders would resist the move.
Starbucks' public commitment, made in 2013, followed a shareholder resolution requesting the board of directors adopt and implement a comprehensive sustainable palm oil policy.
In April, the two men urged management to implement a new governance structure and to let employees become shareholders of the magazine.
If Dell shareholders voted down the deal, Icahn threatened to attempt to replace Dell's entire board of directors and implement a plan that would involve borrowing and paying out cash to shareholders.
Hewlett-Packard and Western Union, among other companies, have implemented shareholder proxy access over the past two years.
Other specified governance problems at selected companies include combining the role of CEO and chairman, multiple share classes, lack of majority voting in director elections, lack of a shareholder right to act by written consent or call special meetings, and failure to implement (or to announce a plan to implement) successful shareholder proposals from prior years.
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CEO of Professional Science Editing for Scientists @ prosciediting.com