Vanguard says its own new proxy voting standards, not new SEC rules, are behind the change.
The measures follow allegations of widespread electoral fraud, including vote-rigging, in the UK since postal and proxy voting were greatly extended in 2001.
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Regardless of that answer, in any proxy contest, like SandRidge and Dell, the endorsement of proxy voting services such as ISS or Glass Lewis is critical.
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Up until July of 2012, there was a company called Moxy Vote which was a web based platform designed to facilitate proxy voting for individual investors.
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The Joint Electoral Management Board, or JEMB, the international organization handling the election, says they've identified an alarmingly high number of fraud cases like ballot box stuffing or proxy voting.
According to research by the proxy voting service Manifest, if abstentions are counted as votes against, then some 67 FTSE100 companies would have lost the remuneration vote on a 75% threshold since the advisory vote was introduced a decade ago.
All four of the major proxy voting services have recommended the ousting of various directors at Washington Mutual (nyse: WM - news - people ), a Seattle thrift that earlier this week announced a bigger-than-expected first-quarter loss and an infusion of capital from Texas Pacific Group as it tries to repair its battered mortgage-laden balance sheet.
Still, release of the proxy-voting record is likely to alter some fund behavior, if for no other reason than many funds may not want to be tagged with the reputation that they don't agitate mightily for their investors.
For the past 25 years ISS has been providing proxy research and voting recommendations to shareholders.
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She is also keen on a new Securities and Exchange Commission rule that will eventually require the disclosure of money managers' proxy votes and voting policies.
Their hard-won victories placed executive compensation and stock options under greater scrutiny and led to modest changes in proxy rules and voting procedures that empowered shareholders at the expense of officers and directors.
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Of those members voting by proxy, 97.85% backed Reid's appointment.
The IRS did not issue a private letter ruling to the NASD concerning the payment to members until March 13, 2007, nearly four months after the proxy was issued and nearly two months after the voting had closed.
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Stockholders who have questions or need assistance voting their shares should contact the Company's proxy solicitor, MacKenzie Partners, Inc. toll-free at (800) 322-2885 or call collect at (212) 929-5500.
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Sainsbury revealed that just over 784 million of 1.11 billion proxy votes cast were in favour of the resolution with just 336 million voting against - which will ensure the resolution is passed.
For the upcoming proxy season, however, ISS has changed its policy to a general recommendation of voting in favor of these proposals.
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At 12 companies in the Russell 3000 stock index, a majority of voting investors have recommended against pay plans this year, according to Institutional Shareholder Services, a proxy advisory firm.
Grundfest thinks that in the near future, individual directors will face more scrutiny from the press, and shareholders will use their voting power to influence corporate governance rather than shell out millions of dollars to litigate or wage proxy campaigns.
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