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2012 Proponent Ranking
New York - January 15, 2013 John Laide

Top Sponsors of Shareholder Proxy Proposals in 2012
ProponentRankNo. of Proposals
Chevedden Family180
Kenneth Steiner251
New York City Retirement Systems336
New York State Common Retirement Fund431
United Brotherhood of Carpenters and Joiners of America529
Gerald R. Armstrong624
Evelyn Y. Davis821
Nathan Cummings Foundation821
James McRitchie1019

Proponent TypeNo. of Proposals
Labor Union148
Public Pension Fund144
Investment Adviser67
Other Stake Holders/Activist Groups64
Religious Groups58
Other Institutions8
Hedge Fund Company8
14a-8 proposals at U.S. incorporated companies. Meeting date in 2012. Credit to all co-sponsors of the proposal.
Publicly disclosed proposals only (i.e. appeared in proxy statement or no-action letter).

For the second consecutive year, corporate governance activist John Chevedden was the top sponsor of proxy proposals at U.S. companies. The Los Angeles-based retired engineer sponsored or co-sponsored 80 14a-8 proposals for annual meetings held during 2012. Chevedden sponsored proposals on a variety of governance and shareholder rights issues, ranging from executive and director compensation, requiring an independent board chair, proxy access, eliminating supermajority vote requirements, and providing shareholders the right to call special meetings or act by written consent. Overall, individual investors were the leading sponsor of proxy proposals in 2012. Individual investors sponsored or co-sponsored 332 total proxy proposals, representing approximately 42% of the 794 publicly disclosed 14a-8 proposals for the year. Interestingly, just six individuals, Chevedden, father and son William and Kenneth Steiner, Gerald Armstrong, Evelyn Davis, and James McRitchie were responsible for 64% of the proposals sponsored or co-sponsored by individual investors (212 out of 332 proposals).

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