Skip to content Skip to navigation
- Home
- >
- Market Reform
- >
- Support Market Reform
- >
- CalPERS Seeks Majority Vote for Corporate Directors
CalPERS Seeks Majority Vote for Corporate Directors
CalPERS believes that in an uncontested director election, a majority of proxies cast should be required to elect a director. In a contested election, a plurality of proxies cast should be required to elect a director. Currently, a plurality vote system is used in most corporate elections, in which directors can be elected by the vote of a single share unless they are opposed by a dissident candidate. CalPERS plans to support the initiative through the following courses of action:
- Implement majority vote policies at individual companies through company bylaw and charter amendments;
- Advocate for changes to state laws to implement majority vote where feasible; and
- Seek to advocate regulatory and stock exchange support for the majority vote standard.
Related Articles
April 30, 2012
Graco Shareowners Back CalPERS Proposal for Majority Vote in Board Elections
April 13, 2012
CalPERS Again Seeks Support for Majority Vote at Graco
February 24, 2012
Cash Question Lingers Over Apple
February 23, 2012
CalPERS Applauds Apple Inc. Board for Adopting Majority Vote Standard
February 23, 2012
Apple Green Lights Majority-Vote Rule
February 23, 2012
Apple to Implement CalPERS Majority-Voting Proposal
February 23, 2012
Apple Yields to Governance Reform Call
February 23, 2012
Apple to Elect Board by Majority After Investor Pressure
February 23, 2012
Apple Agrees to Adopt Board Majority-Vote Proposal
February 5, 2012
Apple Under Pressure Over Board Elections
February 3, 2012
CalPERS Calls on Apple to Adopt Majority Vote Proposal for Board Seats
August 6, 2010
CalPERS Commends Massey Energy's Plans to Improve Its Corporate Governance
May 18, 2010
Oppose Carper - Corker - Bayh Amendments to strike Corporate Governance Reforms (PDF, 207 KB)
March 15, 2010
CalPERS Seeks Majority Vote Standard at Top Publicly Traded Companies