Shareholder resolutions rarely gain more than a fraction of support, and Peter Chapman of the Vancouver-based Shareholder Association for Research and Education said even a 10, 20 or 30 per cent result can serve as a “wake-up call” to management about dissatisfied stockholders who ultimately call the shots.
The Toronto Star: In an upset for a major publicly-traded corporation, two environmental resolutions at Kinder Morgan Inc.’s annual general meetings passed with more than 50 per cent of shareholder votes Wednesday, against the Texas firm’s advice.
