trending Market Intelligence /marketintelligence/en/news-insights/trending/iHIWTh3Dg5ZhPRDR6Pz_nw2 content esgSubNav
In This List

GEO Group shareholders vote down 2 proposals

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


GEO Group shareholders vote down 2 proposals

As recommended by GEOGroup Inc.'s board inMarch, the company's shareholders have voted down two proposals atits 2016 annual shareholders meeting April 27.

The first rejected shareholder proposal called on GEO'sboard to adopt a "proxy access" bylaw, while the second rejectedproposal asked the company to provide investors with an independent humanrights report and that such report be published on its website annuallystarting in May.

Earlier, the board had argued, among other things, that theproxy access proposal could present "undue influence" to specialinterests and short-term stockholders and that it could affect the company'scorporate governance principles. With respect to the independent human rightsreport proposal, the board contended that it already has a "significantamount" of publicly available information that addresses the effortsraised by the proposal.