Risk & Governance Weekly
May 9, 2008
Proxy Update: E. Europe/Russia
Shareholder power struggles and hostile takeover bids have featured prominently so far in the Eastern European and Russian proxy season.
In Brief
Aflac gets 93% support in the first U.S. pay vote; “say on pay” receives majority support at Motorola and South Financial; Merrill Lynch agrees to declassify its board; Citigroup pay panel members receive more than 25 percent opposition.
SEC Spotlight
Washington University Prof. Troy Paredes is named to replace Commissioner Paul Atkins; Prof. Bebchuk sues EA over proposal exclusion; Marvell Technology agrees to a $10 million backdating settlement.
Securities Litigation
A federal judge rejects settlements of backdating claims at Zoran and CNET Networks.
Meetings to Watch
This section alerts readers to forthcoming shareholder meetings that have particularly interesting or controversial issues on the agenda.
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