Intuitive Surgical | Shareholder Approval Requirement for Excessive Golden Parachutes at Intuitive Surgical

Status
Omitted
Previous AGM date
Proposal number
4
Resolution details
Company ticker
ISRG
Lead filer
John Chevedden
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Remuneration or pay
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Health Care
Company HQ country
United States
Resolved clause
RESOLVED: Shareholders request that the Board seek shareholder approval of any senior manager’s new or renewed pay package that provides for severance or termination payments with an estimated value exceeding 2.99 times the sum of the executive’s base salary plus target short-term bonus. This proposal only applies to the Named Executive Officers. This provision shall at least be included in the Governess [sic] Guidelines of the Company or similar document.

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