2009 Proxy Season Scorecard

2009 Proxy Season Scorecard

Results as of December 15, 2009

 
# of results available (2009)
Average support+ (2009)
# of results available (2008)^
Average support+ (2008)
Variance (percentage points)
Governance Shareholder Proposals – Executive Pay Issues
Advisory vote on compensation (79) 76 45.6% 74 41.5% +4.1
Vote on golden parachutes (6) 5 33.2%* 6 56.2% -23.0
Anti-gross-ups policy (2) 2 50.2% 4 45.3% +4.9
Vote on executive death benefits (13) 13 39.6% N/A N/A --
Retention period for stock awards (14) 14 26.1% N/A N/A --
Establish bonus banks (5) 4 26.6% N/A N/A --
Governance Shareholder Proposals – Board Issues
Independent board chairman (39) 34 36.9% 28 29.3% +7.6
Allow for cumulative voting (33) 32 34.2% 19 37.7% -3.5
Require majority vote to elect directors (51) 49 58.0% 28 51.2% +6.0
Governance Shareholder Proposals – Takeover Defenses/Other
Right to call special meeting (63) 61 50.8% 23 46.6% +4.2
End/reduce supermajority vote requirement (17) 17 69.7% 12 65.9% +3.8
Repeal classified board (71) 63 65.6% 78 65.1% +0.5
Reincorporate in North Dakota (17) 16 7.4% N/A N/A --
^Results for the full calendar year.
Number in parenthesis represents total number of proposals voted or to be voted.
+Represents support as percentage of shares voted for and against, abstentions excluded. Results may be preliminary.
* The average is skewed by a vote at Ingles Markets, where CEO Robert P. Ingle controls 86 percent of voting power.
This document will be updated twice monthly to ensure the latest vote results
Copyright: RiskMetrics Group, 2009


January 1, 2009 - December 15, 2009