Problem

Information Content of Proxy The proxy contains an abundance of information the S...

Information Content of Proxy

The proxy contains an abundance of information the SEC believed to be necessary for stockholders to make an informed vote on the items the company presents for their voting consideration. This case provides opportunities to analyze the proxy of a publicly held company and to survey the types of information presented in the proxy.

Required

Using EDGAR or another source, obtain the most recent proxy for Caterpillar Inc. or a different company specified by your instructor. Answer the following questions regarding the information presented in the proxy.

a. Summarize the proposals that are being placed before the shareholders for their voting consideration and state the board of directors’ recommendation on each proposal.

b. List and briefly describe the duties of each of the standing committees of the board of directors.

c. For the most recent year presented in your proxy, what was the total annual compensation received by the chairman and CEO of the company?

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Solutions For Problems in Chapter 14