Target faces a leadership challenge
When Target's C.E.O., Brian Cornell, leaves that role in February, he'll still be chair of the board. But a group of shareholder activists wants to block future C.E.O.s at the retailer from making the same move, Jordyn Holman is the first to report. The group, the Accountability Board, filed a shareholder proposal on Wednesday that calls for Target to change its bylaws to require an independent chair — someone who hasn't been an executive at the company in the past three years — instead of an executive chairman, the position Cornell will take once he leaves his C.E.O. role.
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Activist Investor Presses Target to Keep Outgoing CEO Out of Board Chair Slot
Target's lackluster performance has drawn the attention of an activist investor who says the retailer should keep outgoing CEO Brian Cornell from leading its board of directors.
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Activist Investor Wants Target's Brian Cornell Completely Out
Like rubbing salt into the wound, an activist investor is seeking to block outgoing Target chief executive officer Brian Cornell's transition to executive chairman next February.
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Activist investor group calls for independent board chair at Target, not Brian Cornell
The Accountability Board filed a shareholder proposal Wednesday calling for Target to amend its bylaws to require an independent board chair. Cornell is set to retain his chair position once he steps down as CEO.
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UnitedHealth Shareholder Seeks Separate Chair and CEO Roles
A UnitedHealth Group Inc. shareholder has filed a proposal to require an independent board chair distinct from the chief executive officer, roles that were combined when Stephen Hemsley returned to lead the company this year.
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UnitedHealth shareholder proposes independent board chair
A UnitedHealth shareholder proposed on Friday that the healthcare group should adopt a policy to require an independent board chair, a role now held by CEO Stephen Hemsley. The Accountability Board, a nonprofit advocacy group and UnitedHealth's shareholder, said the current structure would decrease the board's "checks and balances by consolidating power."
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Wells Fargo Faces Activist Call for Independent Board Chair
The Accountability Board, a non-profit group founded in 2022 by three executives who previously worked in animal-rights advocacy, said in a proposal filed with the bank on Tuesday that Wells' decision to remove the requirement from its bylaws this year was short-sighted.
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Press Release: The Accountability Board Targets Restaurant Industry Food Waste in Latest Round of Shareholder Proposals
The Accountability Board has filed shareholder proposals with McDonald's and other major restaurant companies asking that they disclose food waste measurements and establish goals.
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Brian Niccol Just Started at Starbucks. Some Investors Worry He'll Have Too Much Power.
The Accountability Board, an activist investor group…filed a shareholder proposal at Starbucks on Monday asking the coffee chain to ensure that an independent director leads its board in the future.
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Shareholders Keep It Simple to Score Rare Climate Proxy Wins
A new shareholder advocacy group [The Accountability Board] pulled off rare corporate ballot wins at Jack in the Box and Wingstop this year with proposals pushing the restaurant chains to set greenhouse gas emissions reduction targets for the first time.
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New ESG developments in 2024 proxy season suggest changes in shareholder engagement
The Accountability Board, a newly formed shareholder advocacy group focusing on the food industry, submitted resolutions addressing climate concerns at three companies and received at least 50% support.
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Coca-Cola Faces New Investor Bid to Track and Reduce Food Waste
Shareholder advocates pressed Coca-Cola Co. to better measure and reduce food waste, in what they say would be a win for both the environment and the company's bottom line. A first-time proposal submitted by the Accountability Board in a letter to Coca-Cola Monday asks the company to publish a report identifying the types and quantities of its global food and beverage waste.
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Editorial: Walmart hasn't stopped pork suppliers from confining pregnant sows in cruel cages. Time for shareholders to step up
Walmart shareholders are pushing a proposal for the annual meeting on June 5 that would require the company to set specific goals and timelines for suppliers to move sows out of cages if they want to do business with Walmart. This reasonable and straightforward request is one of seven various proposals from shareholders.
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Investors Push Jack in the Box to Report Greenhouse Gas Emissions
The Jack in the Box resolution was made by the Accountability Board, and its support suggests endorsement by large investors.
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Animal Welfare Is on More Proxy Ballots Two Years After Icahn's Fight
A record number of resolutions have been filed as investors' concern about animal treatment grows.
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Shareholder Activism on the Rise at These Two Major Companies
Dine owns and franchises thousands of restaurants under the Applebee's and International House of Pancakes names. Yet climate change isn't acknowledged in its risk disclosures. 'A board asleep at the wheel through the climate crisis would be a nightmare for shareholders,' according to the resolution filed by The Accountability Board.
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'No hormones, ever,' Shake Shack says about its chicken. Activist shareholders say that's true for every other chicken sold in the U.S. too
"No hormones, ever" is what Shake Shack says about the crispy fried chicken in its sandwiches. [The Accountability Board] says that's a paltry claim, because literally no restaurant chain in the country uses hormones in its chicken.
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Dive Brief Casey's shareholder pushing for rule that would remove Rebelez as chairman
The Accountability Board is proposing a policy that the role be held by an independent director.
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Climate-focused investor: Weis not adequately assessing climate change's impacts to its supply chain
The leader of [The Accountability Board] a firm that invests in companies and pressures them to improve their records on social issues — and which owns a stake in Weis Markets — says the supermarket chain isn't taking climate change seriously enough.
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Michigan Scolds Kroger Over Shopper Confusion on Cage-Free Eggs
State attorney general's office wrote to Kroger CEO last week. Kroger has backtracked on commitment to 100% cage-free eggs.
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Jack in the Box Discloses GHG Emissions After Investor Pressure
Fast food chain Jack in the Box Inc. published greenhouse gas emissions data after a climate-related shareholder proposal [filed by The Accountability Board] secured a rare corporate ballot win.
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