Summary
Colgate-Palmolive Company (CL) filed an 8-K report on May 16, 2012, detailing the results of its annual meeting of stockholders held on May 11, 2012. The filing indicates that all nominated directors were elected and the company's independent registered public accounting firm, PricewaterhouseCoopers LLP, was ratified for the fiscal year ending December 31, 2012. Furthermore, shareholders provided an advisory vote in favor of the company's executive compensation. However, a stockholder proposal requesting an independent Board chair was not approved. This information provides insight into shareholder sentiment regarding board composition, executive pay, and corporate governance practices at Colgate-Palmolive.
Key Highlights
- 1All ten nominated directors were elected to the Board of Directors.
- 2PricewaterhouseCoopers LLP was ratified as the independent registered public accounting firm for the fiscal year ending December 31, 2012.
- 3Shareholders approved, on an advisory basis, the company's executive compensation.
- 4A stockholder proposal requesting an independent Board chair was not approved.
- 5Director Nikesh Arora received the highest number of 'Votes For' among the elected directors.
- 6The ratification of the independent auditor received a substantial majority of 'Votes For'.