BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Wal-Mart to elect board of directors by majority vote only]]>http://www.bloggingstocks.com/2006/09/26/wal-mart-to-elect-board-of-directors-by-majority-vote-only/http://www.bloggingstocks.com/2006/09/26/wal-mart-to-elect-board-of-directors-by-majority-vote-only/http://www.bloggingstocks.com/2006/09/26/wal-mart-to-elect-board-of-directors-by-majority-vote-only/#commentsFiled under: , , , ,

Wal-Mart Stores, Inc. (NYSE:WMT) does take some shareholder suggestions to heart, although many of them are quashed by the board. Wal-Mart's board must now be elected by a majority vote instead of a plurality vote, something that has been brought up several times at annual shareholder meetings.

Wal-Mart also said that plurality voting will continue to be used in contested elections when the quantity of director candidates surpasses the number of available positions, which makes sense and is not a change from previous policy at all.

Why make the change to the voting and election procedure now for Wal-Mart? It seems an odd time, but perhaps there is something underway soon with the Wal-Mart board that makes the announcement of a majority-elect board some kind of advantage for the world's largest retailer.

Rob Walton, Wal-Mart's board chairman, said, "We believe that due to recent changes in Delaware law, the majority vote standard is now in the best interests of the company and its shareholders." This is most likely true, although the specific changes to state law where Wal-Mart is officially headquartered would most likely apply to other public companies with registered headquarters located in Delaware.

Wal-Mart to elect board of directors by majority vote only originally appeared on BloggingStocks on Tue, 26 Sep 2006 14:13:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>boardboard membersboard votingBoardMembersBoardVotingcorporate boardcorporate governanceCorporateBoardCorporateGovernancemajoritymajority voteMajorityVotepluraitypluralityplurality votePluralityVotestockholdervotevotingWal-MartWal-Mart Stores, Inc.Wal-martStores,Inc.Wal_MartWMTTue, 26 Sep 2006 14:13:00 EST<![CDATA[TWX is now "Socially Responsible"]]>http://www.bloggingstocks.com/2006/05/23/twx-is-now-socially-responsible/http://www.bloggingstocks.com/2006/05/23/twx-is-now-socially-responsible/http://www.bloggingstocks.com/2006/05/23/twx-is-now-socially-responsible/#commentsFiled under: , , , ,

At Time Warner's annual stockholders meeting last week in Atlanta, the buzz was all about Ted Turner's Garboesque I-vant-to-be-alone speech.

What you may have missed was TWX's new Corporate Social Responsibility (CSR) report.  The report addresses Time Warner's role as good corporate citizen in a variety of areas, including diversity, journalistic integrity, child protection online, content accessibility, consumer privacy, ethics and governance, employee growth and development, public policy, the environment, supply chain management, and philanthropy.

All of that is well and good, but I want to ask: who is going to take responsibility for the Warner Bros./Matt Leblanc vehicle Joey?

[image from CBS News]

TWX is now "Socially Responsible" originally appeared on BloggingStocks on Tue, 23 May 2006 12:49:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>celebrityGarboJoeyMatt LeblancMattLeblancsocial responsibilitySocialResponsibilitystockholderTed TurnerTedTurnerTime WarnerTimeWarnerTWXTue, 23 May 2006 12:49:00 EST