CalSTRS 2012 Proxy Season Successful in Advancing Majority Voting - businesswire.com -BoardProspects

CalSTRS 2012 Proxy Season Successful in Advancing Majority Voting

businesswire.com Aug 3 2012 BoardNews

WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--CalSTRS, the California State Teachers' Retirement System, reports overwhelming success regarding adopting a majority voting standard in director elections with the 95 companies engaged in the 2012 proxy season. Eighty-two of those companies adopted a majority voting standard. The majority voting standard requires that a sitting board member receive a ...
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1. CalSTRS' 86 percent success rate this year clearly indicates that companies recognize the importance of providing shareholders with a meaningful voice in the voting process.