Inside NYX
On the Shareholder Bill of Rights
- 87% oppose and 6% favor federal legislation that requires shareholder advisory votes on executive compensation
- 82% oppose and 7% favor federal legislation to require shareholder proxy access, while 76% oppose and 10% favor the proposed 1% ownership level threshold for proxy access
- Among those who are oppose, 49% oppose and 31% favor a 5% level for proxy access, 55% oppose and 27% favor a 10% level for proxy access
- 76% oppose and 16% favor federal legislation that mandates separation of the CEO and Chairman roles
- 90% oppose and 4% favor federal legislation that precludes the CEO or a former CEO from ever serving as Chairman, even after retirement as a company executive
- 63% oppose and 25% favor federal legislation to mandate that all board members stand for re-election each year
- 45% oppose and 43% favor federal legislation requiring that in uncontested elections, board members must receive a majority of the votes cast
- 66% oppose and 19% favor federal legislation that requires companies to establish a risk committee
- 73% currently have as part of the audit committee independent directors responsible for their company’s risk management practices, while 10% have a separate committee
On the international Tax Proposal
- 49% oppose and 17% favor the proposal to change the deferral rule, with 34% having no opinion at this time
- 66% say that the enactment of this proposal would not cause their company to eliminate jobs overseas and increase jobs in the U.S., while 23% say jobs would be lost and 2% “don’t know”
- 47% believe that its enactment would not cause their company to eliminate U.S. jobs, while 16% say U.S. jobs would be lost and 37% don’t know.
- 46% believe that its enactment would “greatly” or “somewhat” impair their competitive position with respect to their international competitors, while 28% say “no impact”, 24% “don’t know” and 2% say “somewhat enhance”
- 57% say its enactment would not cause them to consider moving their company’s headquarters out of the U.S., while 15% say “yes” they would consider moving outside the U.S. and 18% “don’t know”
*Completed June 5, 2009. Source: NYSE Euronext.
This article includes information that may constitute “forward-looking statements,” as it is based on current expectations and assumptions that are subject to risks and uncertainties. Please visit the cautionary note to read more.