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

GEO Group shareholders vote down 2 proposals

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations

Blog

Middle East & Africa M&A by the Numbers: Q1 2022


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.