Thursday, April 10, 2008

Bored Of Directors

Once again I receive a proxy from a company I have a vested interest in. As a stockholder, through my broker who has invested my IRA in stuff, I get to vote on some high quality issues.

Below is the actual ballot. To find the details, you have to read pages and pages of documentation. But mainly you can tell just by scanning below that ConocoPhillips is against any sort of accountability or prudence (environmental, political, fiscal, whatever) short of hiring the accountants themselves.

Here's the annual proxy:

CONOCOPHILLIPS Annual Meeting

Vote Your Shares

Meeting Date: 05/14/2008 for holders as of 03/17/2008

CUSIP: 208xxx-xxx

Your Control Number: 154xxx

If you plan to attend the meeting Click here.


Proxy Ballot:
Directors' Recommendations:
Choose this if you would like to vote your shares following directors' recommendations.
See below or refer to the proxy statement for the detailed recommendations. Please read them carefully.


1A. ELECTION OF DIRECTOR: HAROLD W. MCGRAW III
Directors Recommend: FOR

For Against Abstain


1B. ELECTION OF DIRECTOR: JAMES J. MULVA
Directors Recommend: FOR

For Against Abstain


1C. ELECTION OF DIRECTOR: BOBBY S. SHACKOULS
Directors Recommend: FOR

For Against Abstain


02. TO AMEND AMENDED AND RESTATED BY-LAWS AND RESTATED CERTIFICATE OF INCORPORATION TO PROVIDE FOR THE ANNUAL ELECTION OF DIRECTORS
Directors Recommend: FOR

For Against Abstain


03. TO RATIFY APPOINTMENT OF ERNST & YOUNG LLP AS CONOCOPHILLIPS INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2008
Directors Recommend: FOR

For Against Abstain


04. QUALIFICATIONS FOR DIRECTOR NOMINEES
Directors Recommend: AGAINST

For Against Abstain


05. REPORT ON RECOGNITION OF INDIGENOUS RIGHTS
Directors Recommend: AGAINST

For Against Abstain


06. ADVISORY VOTE ON EXECUTIVE COMPENSATION
Directors Recommend: AGAINST

For Against Abstain


07. POLITICAL CONTRIBUTIONS
Directors Recommend: AGAINST

For Against Abstain


08. GREENHOUSE GAS REDUCTION
Directors Recommend: AGAINST

For Against Abstain


09. COMMUNITY ACCOUNTABILITY
Directors Recommend: AGAINST

For Against Abstain


10. DRILLING IN SENSITIVE/PROTECTED AREAS
Directors Recommend: AGAINST

For Against Abstain


11. ENVIRONMENTAL IMPACT
Directors Recommend: AGAINST

For Against Abstain


12. GLOBAL WARMING
Directors Recommend: AGAINST

For Against Abstain



Legal Proxy:


Choose this only if you plan to attend and vote your shares at the meeting.


IMPORTANT: By choosing this option, we are precluded from voting your shares on your behalf. A Legal Proxy covering your securities will be issued to you. Your Legal Proxy must be presented at the meeting for your shares to be represented. Do not make any other marks on this ballot.



DO NOT use this option if you hold shares directly with the issuer, rather than through a bank or broker.

Click to see: "Letter to our clients regarding voting authority"

2 comments:

  1. Thank you for promoting thoughtful proxy voting! To see the text of the proposal addressing ConocoPhillips's oil sands operations, visit this page:
    http://trilliuminvest.com/resolutions/report-on-environmental-impacts-of-oil-sands-expansion/.
    On the www.trilliuminvest.com web site, we'll also be posting shortly a memo making a more detailed case for voting if favor of the resolution, which requests a report on the environmental impact of the company's tar sands operations.

    Shelley Alpern
    Trillium Asset Management
    salpern@trilliuminvest.com

    ReplyDelete
  2. I went to your link. And remember what exactly constitutes ConocoPhillips oil sands. This can be dirty business and it's definitely our duty through these measures as stockholders to guide these companies as best we can. Thanks !

    ReplyDelete