The Securities and Exchange Commission voted to propose a rule requiring companies to list the names of all nominees proposed for corporate boards by management and dissident shareholders on a single universal proxy-voting card. The Council of Institutional Investors, which has long backed the universal cards, praised the action.
The Securities and Exchange Commission has put out a warning that protections or lack thereof for whistleblowers will get close attention during examinations. Financial firms' documents will be reviewed for provisions that would discourage or prevent employees from reporting violations of securities law, the SEC said.
Gender issues, career decisions and relationships are among factors that affect women's financial performance during their career and in retirement, according to white papers from Bank of America Merrill Lynch. The research notes ways to improve financial security, a salient point for women because they tend to outlive men and enter later stages of life with no caretaker.
Experts warn against forced retirement simply because a worker reaches a certain age. "If you substituted any other characteristic for the word age ... anybody would be shocked that that kind of bias was appropriate," said Paul Irving, chairman of the Milken Institute Center for the Future of Aging.
Establishing a retirement account early is a good idea for self-employed people. A low annual limit is one downside to an individual retirement account, but a simplified employee pension IRA lets someone contribute up to $53,000 this year.
Quality of life and access to health care without straining the bank account are among key criteria for comfortable retirement. WalletHub has picked the top 10 places to retire from among the 50 states and the District of Columbia.
Steve Strauss urges two main steps for small-business owners to prepare for retirement: Set up a retirement plan, and make the business as profitable as possible as retirement approaches.
For people who want assurance that they won't run out of money in retirement, it's a good idea to set aside some savings to purchase annuities, Walter Updegrave writes. Generally, the best choices for secure retirement income are immediate annuities or deferred annuities, he writes.
New York City construction spending is predicted to hit a record $43.1 billion this year, up more than 25% compared with last year. The main driver is apartment and office construction, according to an industry group.
A bidder that lost out on a nearly $40 million contract to design and build a baggage system for Hartsfield-Jackson Atlanta International Airport because it didn't meet minority requirements is appealing the decision. The bidder says it tried to find qualified minority subcontractors but couldn't; city officials say it didn't try hard enough.
- Page 1