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Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.The Securities and Exchange Commission said on Thursday that ISS, a unit of MSCI Inc, will pay a $300,000 penalty and hire an independent compliance consultant.In settling, ISS neither admitted nor denied the SEC allegations that it violated financial adviser rules designed to prevent misuse of material non-public customer information.Mutual funds, pension organizations and other institutional investors hire firms such as ISS to advise them on how to vote on important corporate issue such as executive compensation and board appointments.The SEC alleged that, from 2007 through early 2012, an ISS employee provided a proxy solicitor, a firm that gathers shareholder votes, with nonpublic information revealing how more than 100 ISS clients were voting their proxy ballots.Cheryl Gustitus, a...
Morgan Stanley (MS) shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.At the New York company'...
ConocoPhillips (COP) Chief Executive Ryan Lance told shareholders at the company's annual meeting Tuesday that the company's long-awaited production growth rebound w...
Morgan Stanley (MS) shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.At the New York company'...
Goldman Sachs Group Inc shareholders should vote against the Wall Street bank's executive compensation proposal because the board has "failed to link pay with perfor...
Shareholders of Goldman Sachs Group Inc. (GS) are getting conflicting advice over how to vote on the firm's executive pay plans and a director nominee at next week's...
Bank of America Corp. (BAC) shareholders on Wednesday approved a nonbinding proxy proposal on the bank's executive compensation and backed the entire slate of direct...
SANTA MONICA, California (Reuters) - Occidental Petroleum Corp shareholders voted to oust Executive Chairman Ray Irani after more than two decades of leading the fou...
Fix The Debt, the group pushing Congress to do something about runaway deficit spending, is loaded with highly compensated CEOs who know more about prosperity than a...
An influential corporate governance firm is calling on shareholders of Simon Property Group Inc. (SPG) to reject Chief Executive David Simon's compensation package f...
Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, whi...
Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, whi...
Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, whi...
Goldman Sachs Group Inc. shareholders re-elected all twelve directors at the annual meeting in Salt Lake City, Utah on Thursday. Shareholders also approved the firm'...
Charles Schwab Corp. (SCHW) shareholders approved last year's compensation for top executives of the discount brokerage and signed off on a company proposal to issue...
Apache Corp. (APA) shareholders didn't approve the energy company's executive compensation plan for 2012 at its annual meeting Thursday, making their displeasure wit...
Intel Corp.'s (INTC) new chief executive vowed Thursday to rapidly grow the company's presence in the tablet and smartphone markets at a shareholder meeting that for...
Proxy advisory firm Glass Lewis & Co is urging shareholders to vote against Charles Schwab Corp.'s (SCHW) executive-compensation plan, saying the discount brokerage ...
Financial stocks were up on Tuesday as investors became more optimistic about U.S. economic growth. The Financial Select Sector SPDR Fund , which tracks financial st...
ConocoPhillips (COP) Chief Executive Ryan Lance told shareholders at the company's annual meeting Tuesday that the company's long-awaited rebound in production growt...
