Survey Results: Impact of Loss of Broker Nonvotes for '10 Proxy Season

1. Our company: (Total responses: n=66) (select only one)
n=22 (33.33%)	Has used e-proxy in a past proxy season and definitely intends to do so in 2010
n=4 (6.06%)	Has used e-proxy in a past proxy season and may decide to not do so in 2010
n=0 (0.00%)	Has used e-proxy in a past proxy season and doesn't intend to do so in 2010
n=1 (1.52%)	Has not used e-proxy yet but definitely plans to do so in 2010
n=9 (13.64%)	Has not used e-proxy yet but might decide to do so in 2010
n=30 (45.45%)	Has not used e-proxy yet and will not use it in 2010

2. When it comes to the impact of elimination of broker nonvotes, our company: (Total responses: n=66) (select only one)
n=11 (16.67%)	Isn't worried about its impact at all
n=33 (50.00%)	Is a little worried, but not much, about its impact
n=18 (27.27%)	Is somewhat worried about its impact
n=4 (6.06%)	Is very worried about its impact

3. Our company: (Total responses: n=66) (select only one)
n=9 (13.64%)	Is not concerned about obtaining a quorum with the loss of discretionary votes
n=55 (83.33%)	Already seeks the ratification of auditors
n=1 (1.52%)	Already has another routine proposal planned the would address quorum concerns
n=1 (1.52%)	Will add the ratification of auditors this year out of quorum concerns
n=0 (0.00%)	Will add a different routine proposal this year out of quorum concerns

4. Our company: (Total responses: n=66) (select only one)
n=2 (3.03%)	Has not used a proxy solicitor in the past for regular annual meetings but definitely intends to use one for the upcoming proxy season
n=6 (9.09%)	Has not used a proxy solicitor in the past for regular annual meetings but is considering it for the upcoming proxy season
n=12 (18.18%)	Has not used a proxy solicitor in the past for regular annual meetings and will not use one for the upcoming proxy season
n=39 (59.09%)	Has used a proxy solicitor in the past for regular annual meetings and definitely intends to use one for the upcoming proxy season
n=6 (9.09%)	Has used a proxy solicitor in the past for regular annual meetings and may use one for the upcoming proxy season
n=1 (1.52%)	Has used a proxy solicitor in the past for regular annual meetings but doesn't intend to use one for the upcoming proxy season

5. Our company: (Total responses: n=66) (select only one)
n=36 (54.55%)	Has a majority vote standard and intends to keep it
n=1 (1.52%)	Has a majority vote standard but may change it to a plurality standard
n=24 (36.36%)	Has a plurality vote standard and intends to keep it
n=5 (7.58%)	Has a plurality vote standard but may change it to a majority standard

Click here to return to the TheCorporateCounsel.net web site.