NCF’s Proxy Access Proposal Receives Majority Support At Darden Shareholder Meeting
Darden Restaurants, Inc., one of America’s largest restaurant conglomerates and the owner of Olive Garden, Red Lobster and many other well-known brands, faced an unprecedented shareholder revolt led in part by a proxy access proposal from the Nathan Cummings Foundation. Press Release, September 18, 2013 Darden Proxy Access Proposal
New Momentum for Change in Corporate Board Elections
The Nathan Cummings Foundation welcomes recent coverage by the New York Times of the noteworthy achievements of the Shareholder Rights Project, which NCF has partnered with since 2012. The partnership between the Foundation and the Shareholder Rights Project has helped to persuade a number of companies to declassify their boards, making it easier for shareholders …
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News Corporation Board Approves Split of Company
““New blood is always a good thing for a company as it tries to overcome” scandals like the phone hacking crisis in Britain that News Corporation has gone through, said Laura Campos, director of shareholder activities at the Nathan Cummings Foundation, a charitable organization and institutional investor that owns 3,686 shares of News Corporation’s Class …
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Institutional Investors Press for Disclosure of Corporate Lobbying
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Report Raises Concerns about AT&T’s Commitment to an Open Internet
A new report by AT&T Inc. summarizing the company’s positions on so-called network neutrality principles highlights a “worrisome failure in corporate citizenship” and raises significant concerns about AT&T’s long-term commitment to open Internet principles that benefit the American economy and all consumers, according to a group of AT&T investors.
NCF & SRP Encourage Public Company Declassification
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Rupert Murdoch survives calls to step down as chairman
At News Corporation’s annual shareholder meeting, nearly two-thirds of unaffiliated shares were voted against the News Corporation Board’s recommendation that Rupert Murdoch retain his vast voting power and hold onto his position as the Company’s Chairman. While the Nathan Cummings Foundation’s proposal calling for the elimination of the Company’s dual-class capital structure received overwhelming support …
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