General Motors (NYSE:GM) urged shareholders to reject all ten shareholder proposals for its June 5th annual meeting and to re-elect its current slate of directors. Interestingly, the shareholder proposals included things such as required disclosure of political donations,
cut emissions of greenhouse gases and an easier process for smaller
shareholders to elect directors. There is also an executive compensation proposal on the table, whereby 75% of all stock options and grants given to executives would have to be tied to a performance metric. The company did not comment on their reasoning behind their recommendations yet; however, they are due to explain themselves in their upcoming proxy filing in April. Meanwhile, many investors are questioning why companies are being so evasive when it comes to executive compensation and increased transparency - clearly, these measures are best for shareholders.