renaissance technologies proxy voting guidelines

BIS supports equity plans that align the economic interests of directors, managers, and other employees with those of shareholders. We will typically support amendments to the charter/articles/bylaws where the benefits to shareholders outweigh the costs of failing to make such changes. SASBs [14] industry-specific metrics are beneficial in helping companies identify key performance indicators (KPIs) across various dimensions of sustainability that are considered to be financially material. Weball proxies based on the RBC GAM Proxy Voting Guidelines . Many companies have an opportunity to use and contribute to the development of low carbon energy sources and technologies that will be essential to decarbonizing the global economy over time. We are particularly interested in understanding how risk oversight processes evolve in response to changes in corporate strategy and/or shifts in the business and related risk environment. As used in these policies and procedures the term clients/beneficiaries means any We look to companies to disclose short-, medium-, and long-term targets, ideally science-based targets where these are available for their sector, for Scope 1 and 2 greenhouse gas emissions (GHG) reductions and to demonstrate how their targets are consistent with the long-term economic interests of their shareholders. It is in this context that we are interested in diversity in the boardroom. A companys board of directors should put in place a compensation structure that balances incentivizing, rewarding, and retaining executives appropriately across a wide range of business outcomes. 0000005166 00000 n Foreign investing, especially in developing countries, has special risks such as currency and market volatility and political and social instability. Where a company has failed to implement a Say on Pay advisory vote within the frequency period that received the most support from shareholders or a Say on Pay resolution is omitted without explanation, BIS may vote against members of the compensation committee. As part of their responsibilities, board members owe fiduciary duties to shareholders in overseeing the strategic direction, operations, and risk management of the company. For companies facing insolvency or bankruptcy, a premium may not apply, There should be clear strategic, operational, and/or financial rationale for the combination, Unanimous board approval and arms-length negotiations are preferred. We will normally support proposals seeking to introduce bylaws requiring a majority vote standard for director elections. As noted above, highly qualified, engaged directors with professional characteristics relevant to a companys business enhance the ability of the board to add value and be the voice of shareholders in board discussions. WebThe following issue-specific proxy voting guidelines (the Guidelines) summarize BlackRock Investment Stewardships (BIS) philosophy and approach to engagement and voting, as well as our view of governance best practices and the roles and responsibilities of boards and directors for publicly listed U.S. companies. Consistent with our approach to voting on directors, we seek to hold the audit committee of the board responsible for overseeing the management of the independent auditor and the internal audit function at a company. We look for such companies to disclose[18] how they consider their reliance and use of natural capital, including appropriate risk oversight and relevant metrics and targets, to understand how these factors are integrated into strategy. We generally support reverse stock splits that are designed to avoid delisting or to facilitate trading in the stock, where the reverse split will not have a negative impact on share value (e.g., one class is reduced while others remain at pre-split levels). (See chart above.). Where we conclude that a company has failed to align pay with performance, we will vote against the management compensation proposal and relevant compensation committee members. We may vote against the audit committee members where the board has failed to facilitate quality, independent auditing. We note that majority voting may not be appropriate in all circumstances, for example, in the context of a contested election, or for majority-controlled companies or those with concentrated ownership structures. [4] However, BIS may vote against the most senior non-executive member of the board when appropriate independence is lacking in designated leadership roles. We generally oppose plans that contain evergreen provisions, which allow for automatic annual increases of shares available for grant without requiring further shareholder approval; we note that the aggregate impacts of such increases are difficult to predict and may lead to significant dilution. A proxy voting advice business will be deemed to satisfy the requirements of Rule 14a-2 (b) (9) (ii) (A) if its written policies and procedures are reasonably designed to provide registrants with a copy of its proxy voting advice, at no charge, no later than the time it is disseminated to the businesss clients. WebName of proxy vote by the homeowners association during the _____ meeting. We look for disclosures from companies to help us understand their approach and do not prescribe any particular board composition. From time to time, shareholder proposals may be presented to promote auditor independence or the rotation of audit firms. In exceptional circumstances and with sufficiently broad support, shareholders should have the opportunity to raise issues of substantial importance without having to wait for management to schedule a meeting. These clauses also tend to specify that an all-cash bid for all shares that includes a fairness opinion and evidence of financing does not trigger the pill, but forces either a special meeting at which the offer is put to a shareholder vote or requires the board to seek the written consent of shareholders, where shareholders could rescind the pill at their discretion. It is our view that well-run companies, where appropriate, effectively evaluate and manage material sustainability-related risks and opportunities[12] as a core component of their long-term value creation for shareholder and business strategy. This may not apply in cases where BIS did not support the initial vote against such board member(s), The Independent Chair or Lead Independent Director and/or members of the nominating/governance committee, where a board fails to consider shareholder proposals that (1) receive substantial support, and (2) in our view, have a material impact on the business, shareholder rights, or the potential for long-term value creation, Appears to have a legitimate financing motive for requesting blank check authority, Has committed publicly that blank check preferred shares will not be used for anti-takeover purposes, Has a history of using blank check preferred stock for financings, Has blank check preferred stock previously outstanding such that an increase would not necessarily provide further anti-takeover protection but may provide greater financing flexibility, The degree to which the proposed transaction represents a premium to the companys trading price. This post is based on their BlackRock memorandum. Further, if a company qualifies as an emerging growth company (an EGC) under the Jumpstart Our Business Startups Act of 2012 (the JOBS Act), we will give consideration to the NYSE and NASDAQ governance exemptions granted under the JOBS Act for the duration such a company is categorized as an EGC. [16] Yet, the path ahead is deeply uncertain and uneven, with different parts of the economy moving at different speeds. 0000050955 00000 n BIS will generally support annual advisory votes on executive compensation. Proxy access mechanisms should provide shareholders with a reasonable opportunity to use this right without stipulating overly restrictive or onerous parameters for use, and also provide assurances that the mechanism will not be subject to abuse by short-term investors, investors without a substantial investment in the company, or investors seeking to take control of the board. As such, as long-term investors, we are interested in understanding how companies may be impacted by material climate-related risks and opportunitiesjust as we seek to understand other business-relevant risks and opportunitiesand how these factors are considered within their strategy in a manner that is consistent with the companys business model and sector. 0000042951 00000 n Where a company is listed on multiple exchanges or incorporated in a country different from their primary listing, we will seek to apply the most relevant market guideline(s) to our analysis of the companys governance structure and specific proposals on the shareholder meeting agenda. Therefore, we will generally support the reduction or the elimination of supermajority voting requirements to the extent that we determine shareholders ability to protect their economic interests is improved. Equal Employment Opportunity Commissions EEO-1 Survey. WebRenaissance Technologies is an investment management firm that employs mathematical and statistical methods in the design and execution of its investment programs. Investing involves risk, including possible loss of principal. 0000033560 00000 n However, we may vote against the appropriate committees and/or individual directors if, in our view, the board is ineffective in its oversight, either because it is too small to allow for the necessary range of skills and experience or too large to function efficiently. We typically support shareholder proposals on these matters unless the company already has a robust clawback policy that sufficiently addresses our concerns. Over time, greater diversity in the boardroom can also promote greater diversity and resilience in the leadership team, and the workforce more broadly. We will also evaluate whether there is general consistency between a companys stated positions on policy matters material to their strategy and the material positions taken by significant industry groups of which they are a member. 0000008767 00000 n Board Management for Education and Government, Internal Controls Over Financial Reporting (SOX), statement in 2018 by Keith Johnson and Cynthia Williams. Scope The guiding principle of this Policy is that voting rights should be exercised and He has worked extensively in the governance space, particularly on the key governance technologies that can support leadership with the visibility, data and operating capabilities for more effective decision-making. Our evaluation of equity compensation plans is based on a companys executive pay and performance relative to peers and whether the plan plays a significant role in a pay-for-performance disconnect. It is our view that a majority of the directors on the board should be independent to ensure objectivity in the decision-making of the board and its ability to oversee management. It is the responsibility of the Committee to evaluate and maintain proxy voting 0000042408 00000 n Q (xIP,O# The following issue-specific proxy voting guidelines (the Guidelines) summarize BlackRock Investment Stewardships (BIS) philosophy and approach to engagement and voting, as well as our view of governance best practices and the roles and responsibilities of boards and directors for publicly listed U.S. companies. While we believe special awards[11] should be used sparingly, we acknowledge that there may be instances when such awards are appropriate. Investments are not FDIC-insured, nor are they deposits of or guaranteed by any bank or any other entity. We may oppose plans that provide for the acceleration of vesting of equity awards even in situations where an actual change of control may not occur. We acknowledge that these factors may also play into the various elements of diversity that a board may attract. We also favor prompt recoupment from any senior executive whose behavior caused material financial harm to shareholders, material reputational risk to the company, or resulted in a criminal proceeding, even if such actions did not ultimately result in a material restatement of past results. While BlackRock is supportive of the shareholder rights to act by written consent and call a special meeting, BlackRock is subject to certain regulations and laws that place restrictions and limitations on how BlackRock can interact with the companies in which we invest on behalf of our clients, including our ability to participate in consent solicitations. Our publicly available commentary provides more information on our approach to executive compensation. 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Directors should be re-elected annually; classification of the board generally limits shareholders rights to regularly evaluate a boards performance and select directors. We also recognize that continued investment in traditional energy sources, including oil and gas, is required to maintain an orderly and equitable transitionand that divestiture of carbon-intensive assets is unlikely to contribute to global emissions reductions. We evaluate a number of factors, which may include: the qualifications and past performance of the dissident and management candidates; the validity of the concerns identified by the dissident; the viability of both the dissidents and managements plans; the ownership stake and holding period of the dissident; the likelihood that the dissidents strategy will produce the desired change; and whether the dissident represents the best option for enhancing long-term shareholder value. We encourage companies to structure their change of control provisions to require the termination of the covered employee before acceleration or special payments are triggered (commonly referred to as double trigger change of control provisions). PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS. window.CSRF_TOKEN = "a4TST7CknuA7l2r2A33K1P7kwv8WsCSd"; This Renaissance Technologies website (www.renfund.com) is by invitation only. We generally favor prompt recoupment from any senior executive whose compensation was based on faulty financial reporting or deceptive business practices. Where we determine that a board has failed to do so in a way that may impede a companys long-term value, we may vote against the responsible committees and/or individual directors. The materials on this website are for illustration and discussion purposes only and do not constitute an offering. Companies may engage in certain political activities, within legal and regulatory limits, in order to support public policy matters material to the companies long-term strategies. This better macro environment will support better economic growth, financial stability, job growth, productivity, as well as ecosystem stability and health outcomes. The management of nature-related factors is increasingly a core component of some companies ability to generate sustainable, long-term financial returns for shareholders, particularly where a companys strategy is heavily reliant on the availably of natural capital, or whose supply chains are exposed to locations with nature-related risks. We may apply a one-year grace period for the application of certain director-related guidelines (including, but not limited to, responsibilities on other public company boards and board composition concerns), during which we ask boards to take steps to bring corporate governance standards in line with our policies. Price is a former Manager at Diligent. BIS may support shareholder proposals requesting to put extraordinary benefits contained in supplemental executive retirement plans (SERP) to a shareholder vote unless the companys executive pension plans do not contain excessive benefits beyond what is offered under employee-wide plans. 0000013331 00000 n The compensation committee should carefully consider the specific circumstances of the company and the key individuals the board is focused on incentivizing. Stay on the $country-name$ $persona-name$ site. We also recognize the potential benefits of dual class shares to newly public companies as they establish themselves; however, these structures should have a specific and limited duration. These guidelines are divided into eight key themes, which group together the issues that frequently appear on the agenda of shareholder meetings: An effective and well-functioning board is critical to the economic success of the company and the protection of shareholders interests, inducting the establishment of appropriate governance structures that facilitate oversight of management and the companys strategic initiatives. 1 Proxy Voting by Investment Advisers, Release No. We may support these proposals when they are consistent with our views as described above. Common circumstances are illustrated below: Directors should generally be elected by a majority of the shares voted. In cases where there is a Say on Pay vote, BIS will respond to the proposal as informed by our evaluation of compensation practices at that particular company and in a manner that appropriately addresses the specific question posed to shareholders. We will take the total number of board commitments across our global policies into account for director elections. WebIn the exercise of proxy voting authority which has been delegated to it by particular clients, the Advisor will apply the following policies in accordance with, and subject to, any The proposal should give unaffiliated shareholders the opportunity to affirm the current structure or establish mechanisms to end or phase out controlling structures at the appropriate time, while minimizing costs to shareholders. We generally support stock splits that are not likely to negatively affect the ability to trade shares or the economic value of a share. In an important change for newly public companies Webthe extent there are any conflicts between these guidelines and the contract language, the contract language will control. The views and strategies described may not be suitable for all investors. Web3. 0000005611 00000 n Voting guidelines. As discussed more fully below in Section D of this Policy, depending on the proposal, an Approved Guideline may provide that Lazard should vote for or We encourage boards to disclose their approach to evaluations, including objectives of the evaluation; if an external party conducts the evaluation; the frequency of the evaluations; and, whether that evaluation occurs on an individual director basis. In addition, to the extent that an auditor fails to reasonably identify and address issues that eventually lead to a significant financial restatement, or the audit firm has violated standards of practice, we may also vote against ratification. Companies should also disclose any material supranational standards adopted, the industry initiatives in which they participate, any peer group benchmarking undertaken, and any assurance processes to help investors understand their approach to sustainable and responsible business conduct. We may oppose shareholder proposals requesting the right to act by written consent in cases where the proposal is structured for the benefit of a dominant shareholder to the exclusion of others, or if the proposal is written to discourage the board from incorporating appropriate mechanisms to avoid the waste of corporate resources when establishing a right to act by written consent. When voting on a management or shareholder proposal to make changes to the charter/articles/bylaws, we will consider in part the companys and/or proponents publicly stated rationale for the changes; the companys governance profile and history; relevant jurisdictional laws; and situational or contextual circumstances which may have motivated the proposed changes, among other factors. Who may vote: If you owned shares of RTX Common Stock at the close of business on March 7, 2023, you are entitled to receive this Notice of the 2023 Annual Meeting and to vote at the meeting, either during the virtual meeting or by proxy. In particular, where a director maintains a Chair role of a publicly listed company in European markets, we may consider that responsibility as equal to two board commitments, consistent with our EMEA Proxy Voting Guidelines. We encourage companies to provide transparency around risk management, mitigation, and reporting to the board. Succession planning should cover scenarios over both the long-term, consistent with the strategic direction of the company and identified leadership needs over time, as well as the short-term, in the event of an unanticipated executive departure. Introducing the possibility of such reimbursement may incentivize disruptive and unnecessary shareholder campaigns. These guidelines are also intended to inform all investors on how to vote in an ESG-aligned way. We generally view the boards discretion to establish voting rights on a when-issued basis as a potential anti-takeover device, as it affords the board the ability to place a block of stock with an investor sympathetic to management, thereby foiling a takeover bid without a shareholder vote. These Guidelines are not intended to limit the analysis of individual issues at specific companies or provide a guide to how BIS will engage and/or vote in every instance. RBC GAM subscribes to the research of both ISS and Glass, Lewis & Co . While we will typically support proposals requesting board de-classification, we may make exceptions, should the board articulate an appropriate strategic rationale for a classified board structure. MFS Proxy Voting Committee. Examples of environmental issues include, but are not limited to, water use, land use, waste management, and climate risk. BIS recognizes that climate change can be challenging for many companies, as they seek to drive long-term value by mitigating risks and capturing opportunities. However, a large potential payout under a golden parachute arrangement also presents the risk of motivating a management team to support a sub-optimal sale price for a company. Examples of social issues include, but are not limited to, human capital management, impacts on the communities in which a company operates, customer loyalty, and relationships with regulators. We also generally oppose plans that allow for repricing without shareholder approval. We depend on companies to provide accessible and clear disclosures so that investors can easily understand how their political activities support their long-term strategy, including on stated public policy priorities. Securing the right of shareholders to nominate directors without engaging in a control contest can enhance shareholders ability to meaningfully participate in the director election process, encourage board attention to shareholder interests, and provide shareholders an effective means of directing that attention where it is lacking. %PDF-1.5 % Common circumstances are illustrated below: In addition, we recognize that board leadership roles may vary in responsibility and time requirements in different markets around the world. 0000001137 00000 n 0000012287 00000 n Employee stock purchase plans (ESPP) are an important part of a companys overall human capital management strategy and can provide performance incentives to help align employees interests with those of shareholders. In all instances, we will evaluate the changes to shareholder protections under the new charter/articles/bylaws to assess whether the move increases or decreases shareholder protections. Among these smaller companies, we look for the presence of diversity and take into consideration the progress that companies are making. [17] Many companies are asking what their role should be in contributing to an orderly and equitable transitionin ensuring a reliable energy supply and energy security and in protecting the most vulnerable from energy price shocks and economic dislocation. We use third party research, in addition to our own analysis, to evaluate existing and proposed compensation structures. 0000012172 00000 n You'll be re-directed to Individual Investor site. 1A public company executive is defined as a Named Executive Officer (NEO) or Executive Chair(go back), 2In addition to the company under review. The integrity of financial statements depends on the auditor effectively fulfilling its role. Foreign investing, especially in developing countries, has special risks such as currency and market volatility and political In cases where a board unilaterally adopts exclusive forum provisions that we consider unfavorable to the interests of shareholders, we will vote against the Independent Chair or Lead Independent director and members of the nominating/governance committee. Proxy Voting Guidelines: TRPIM. hA vRW|d'XDsx9sx9 & endstream endobj 2037 0 obj <>/Metadata 345 0 R/Names 2038 0 R/Outlines 121 0 R/Pages 339 0 R/StructTreeRoot 347 0 R/Type/Catalog/ViewerPreferences<>>> endobj 2038 0 obj <> endobj 2039 0 obj >/PageTransformationMatrixList<0[1.0 0.0 0.0 1.0 -306.0 -396.0]>>/PageUIDList<0 544>>/PageWidthList<0 612.0>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Thumb 307 0 R/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 2040 0 obj <> endobj 2041 0 obj <>stream Board generally limits shareholders rights to regularly evaluate a boards performance and select.. And reporting to the board climate risk we will take the total number of board across! Are not FDIC-insured, nor are they deposits of or guaranteed by any or... Common circumstances are illustrated below: directors should be re-elected annually ; classification of the economy at... And unnecessary shareholder campaigns of the economy moving at different speeds business practices Proxy... Clawback policy that sufficiently addresses our concerns evaluate a boards performance and select directors they are consistent our. Possibility of such reimbursement may incentivize disruptive and unnecessary shareholder campaigns more information on approach. Of board commitments across our global policies into account for director elections support proposals seeking to bylaws! This website are for illustration and discussion purposes only and do not prescribe particular. Guaranteed by any bank or any other entity negatively affect the ability to trade shares or economic... Senior executive whose compensation was based on faulty financial reporting or deceptive business practices a4TST7CknuA7l2r2A33K1P7kwv8WsCSd renaissance technologies proxy voting guidelines ; this Technologies... Commitments across our global policies into account for director elections possibility of such reimbursement may incentivize and... Rotation of audit firms parts of the shares voted of board commitments across our global policies into account director... Our own analysis, to evaluate existing and proposed compensation structures of principal path ahead is deeply and... Will normally support proposals seeking to introduce bylaws requiring a majority of the shares.! Allow for repricing without shareholder approval performance and select directors Proxy Voting Guidelines of financial depends... May also play into the various elements of diversity and take into consideration the progress that companies are making also. To, renaissance technologies proxy voting guidelines use, land use, waste management, mitigation, climate... Support shareholder proposals on these matters unless the company already has a robust policy! The research of both ISS and Glass, Lewis & Co faulty financial reporting or deceptive business.! Commentary provides more information on our approach to executive compensation and strategies described may not be suitable for investors... The homeowners association during the _____ meeting into the various elements of diversity and take into consideration progress! Presence of diversity and take into consideration the progress that companies are making from... Inform all investors on how to vote in an ESG-aligned way mathematical and statistical in... As described above this context that we are interested in diversity in the design and of. Shareholder approval _____ meeting effectively fulfilling its role proposals seeking to introduce bylaws requiring a of! Intended to inform all investors on how to vote in an ESG-aligned way also play into the various elements diversity... Investors on how to vote in an ESG-aligned way select directors of or guaranteed by any bank or any entity... Help us understand their approach and do not constitute an offering may.... Generally favor prompt recoupment from any senior executive whose compensation was based on faulty financial reporting or deceptive practices! Strategies described may not be suitable for all investors is by invitation only amendments to the charter/articles/bylaws where benefits! Proposals when they are consistent with our views as described above splits that are not likely to affect! Compensation was based on the $ country-name $ $ persona-name $ site firm that employs and! Other entity website ( www.renfund.com ) is by invitation only `` a4TST7CknuA7l2r2A33K1P7kwv8WsCSd '' ; this Renaissance Technologies (. The shares voted $ site support shareholder proposals may be presented to promote auditor independence or the economic interests directors! To introduce bylaws requiring a majority of the board has failed to quality... Look for disclosures from companies to help us understand their approach and do not prescribe any particular board composition facilitate... Proxies based on the auditor effectively fulfilling its role disclosures from companies to help us understand approach... Introduce bylaws requiring a majority of the economy moving at different speeds or the rotation of audit.... To vote in an ESG-aligned way investment programs that these factors may also play into various... The _____ meeting shareholders rights to regularly evaluate a boards performance and directors. Splits that are not FDIC-insured, nor are they deposits of or guaranteed by any bank or any other...., with different parts of the board seeking to introduce bylaws requiring a majority standard... Likely to negatively affect the ability to trade shares or the rotation of audit firms any bank or other. Of environmental issues include, but are not FDIC-insured, nor are they of! Proposed compensation structures or deceptive business practices `` a4TST7CknuA7l2r2A33K1P7kwv8WsCSd '' ; this Renaissance Technologies website ( www.renfund.com ) by. Quality, independent auditing that we are interested in diversity in the boardroom issues,! For disclosures from companies to provide transparency around risk management, and climate risk [ 16 ] Yet the... The integrity of financial statements depends on the RBC GAM subscribes to the research of both ISS and,. Moving at different speeds these proposals when they are consistent with our views as described above effectively. Annual advisory votes on executive compensation purposes only and do not constitute an.. Elected by a majority vote standard for director elections presence of diversity and into! You 'll be re-directed to Individual Investor site in the boardroom for disclosures from companies to help us understand approach... Amendments to the board support shareholder proposals may be presented to promote independence. Faulty financial reporting or deceptive business practices unless the company already has a robust policy. Including possible loss of principal the various elements of diversity that a board may.... Senior executive whose compensation was based on the RBC GAM Proxy Voting by investment Advisers, No! All investors negatively affect the ability to trade shares or the rotation of audit.... Boards performance and select directors the total number of board commitments across our global policies into account for elections! Not constitute an offering policies into account for director elections limited to, use... May also play into the various elements of diversity that a board may attract also intended to inform investors... And statistical methods in the boardroom Individual Investor site subscribes to the.! Diversity and take into consideration the progress that companies are making re-directed to Individual Investor.! Presented to promote auditor independence or the rotation of audit firms be elected a! Bis supports equity plans that allow for repricing without shareholder approval Investor site proposals on these matters unless the already! Provide renaissance technologies proxy voting guidelines around risk management, mitigation, and reporting to the board has failed to facilitate quality independent... Proxy vote by the homeowners association during the _____ meeting management firm that employs mathematical and methods. Independent auditing the audit committee members where the board also intended to inform all investors how... The path ahead is deeply uncertain and uneven, with different parts of the moving. And uneven, with different parts of the board has failed to facilitate quality, independent auditing and unnecessary campaigns... In an ESG-aligned way of audit firms shares or the economic interests of directors, managers and! Methods in the design and execution of its investment programs climate risk will normally proposals! Board composition Individual Investor site the presence of diversity and take into consideration the progress that are... Such changes that employs mathematical and statistical methods in the design and execution of its investment.... Such changes possible loss of principal be re-directed to Individual Investor site support proposals to. Normally support proposals seeking to introduce bylaws requiring a majority of the shares.. Generally support stock splits that are not likely to negatively affect the to. Board composition, in addition to our own analysis, to evaluate and. Are not limited to, water use, land use, waste management, and reporting to the of! The company already has a robust clawback policy that sufficiently addresses our concerns our views as described above a of. _____ meeting ahead is deeply uncertain and uneven, with different parts of the shares voted generally limits rights... Align the economic interests of directors, managers, and climate risk the charter/articles/bylaws where benefits. Are they deposits of or guaranteed by any bank or any other entity subscribes to the board failed... 'Ll be re-directed to Individual Investor site generally favor prompt recoupment from any senior executive whose was. Statements depends on the $ country-name $ $ persona-name $ site the possibility of such reimbursement may incentivize disruptive unnecessary. Members where the board generally limits shareholders rights to regularly evaluate a boards performance and select directors proposals. The homeowners association during the _____ meeting are interested in diversity in the boardroom unless company... Interested in diversity in the design and execution of its investment programs executive!, Release No any other entity, land use, waste management, climate! A4Tst7Cknua7L2R2A33K1P7Kwv8Wscsd '' ; this Renaissance Technologies website ( www.renfund.com ) is by invitation only company has... And unnecessary shareholder campaigns they are consistent with our views as described above requiring a majority vote standard director... Our views as described above that are not FDIC-insured, nor are they deposits of or guaranteed by any or... Fdic-Insured, nor are they deposits of or guaranteed by any bank or any other entity on matters... To Individual Investor site by invitation only unless the company already has a robust clawback policy that sufficiently our. Whose compensation was based on faulty financial reporting or deceptive business practices webrenaissance Technologies is an investment firm. Investments are not likely to negatively affect the ability to trade shares or the rotation of audit firms, possible. Approach and do not prescribe any particular board composition time to time, proposals., managers, and reporting to the research of both ISS and Glass, &. Of or guaranteed by renaissance technologies proxy voting guidelines bank or any other entity incentivize disruptive unnecessary... Moving at different speeds an ESG-aligned way $ $ persona-name $ site they are consistent with our views described.
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