• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

Summer camps remain a battleground over what it means to be American

3

Current price of oil as of July 13, 2026

1

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly

2

Summer camps remain a battleground over what it means to be American

3

Current price of oil as of July 13, 2026
LeadershipMcDonald's

McDonald’s shareholders win more of a say on who gets a board seat

By
Eleanor Bloxham
Eleanor Bloxham
Down Arrow Button Icon
By
Eleanor Bloxham
Eleanor Bloxham
Down Arrow Button Icon
May 21, 2015, 2:05 PM ET
Photo courtesy: David McNew Getty Images
Add Fortune on Google for similar content.

Proxy access, the ability of shareholders to put their own board member candidates on the corporate ballot, has apparently won shareholder support at McDonald’s.

Andy McKenna, McDonald’s (MCD) non-executive chair, announced the preliminary vote at the annual meeting this morning. It was the only shareholder proposal that received a majority – and it did so with a 61% vote.

The advisory shareholder proposal calls for a proxy access bylaw to allow shareholders the ability to put their own candidates on the ballot if they have held their shares for at least three years and if they, collectively, hold at least 3% of shares outstanding. Cambria Allen, corporate governance director, at UAW Retiree Medical Benefits Trust, presented the proposal.

“I am very happy that shareholders have given the board a mandate,” Allen told me. She was pleased with the “overwhelming support” to provide this “fundamental shareholder right.” “I hope the board will respond and adopt proxy access,” she told me. She said that she doesn’t know if the vote will create momentum for change in McDonalds’ board composition, but she said that the board has been engaged in discussions so far regarding the proposal. “Just because we have the right does not mean shareholders will use it. It will hold the board more accountable. It’s a means of communication, a mechanism for long-term shareholders to encourage communication with the board,” she says.

Allen said that she is encouraged by recent actions McDonald’s has taken to raise the minimum wage at its corporate-controlled restaurants and with the fast-food giant’s initiatives to encourage workers and students to get their high school diplomas. It shows they recognize that “their workforce is their No. 1 asset,” she says.

“Steve [Easterbrook. McDonald’s CEO] did a really good job” in the meeting, “but we’ll see” what comes next, she told me.

Eleanor Bloxham, a corporate governance and valuation authority, is CEO of The Value Alliance and Corporate Governance Alliance (http://www.thevaluealliance.com). She has been a regular contributor to Fortune since April 2010 and is the author of two books on corporate governance and valuation.

About the Author
By Eleanor Bloxham
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

A leadership consultant’s warning to managers: Don’t mistake grief for underperformance
Workplace CultureHuman resources
A leadership consultant’s warning to managers: Don’t mistake grief for underperformance
By Mikaela Cohen and HR BrewJuly 14, 2026
4 hours ago
Kids near table in a school setting
North AmericaEducation
Native American graduation rates hit a record high but tribal leaders fear Trump-era cuts could reverse the gains
By The Associated Press and Savannah PetersJuly 14, 2026
4 hours ago
‘Close to as good as it gets’: Jamie Dimon just offered another warning on bubbly markets as Wall Street had a monster quarter
BankingJPMorgan Chase
‘Close to as good as it gets’: Jamie Dimon just offered another warning on bubbly markets as Wall Street had a monster quarter
By Mia OsmonbekovJuly 14, 2026
4 hours ago
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
North AmericaWarren Buffett
After donating $48 billion to the Gates Foundation, Warren Buffett is quietly ending one of the biggest philanthropic relationships in history
By Marco Quiroz-GutierrezJuly 14, 2026
6 hours ago
Golfer at a bay.
C-SuiteSports
Topgolf’s CEO thinks the sport’s next star could get their start at one of its driving ranges
By Catherina GioinoJuly 14, 2026
6 hours ago
Ramp’s billionaire CEO ignores résumés and Ivy League degrees—he’s more interested in engineers who built Minecraft servers as teens
SuccessHiring
Ramp’s billionaire CEO ignores résumés and Ivy League degrees—he’s more interested in engineers who built Minecraft servers as teens
By Sydney LakeJuly 14, 2026
8 hours ago

Most Popular

MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
Newsletters
MacKenzie Scott, Melinda French Gates, and Lauren Sánchez Bezos are rewriting the rules of billionaire giving—one quietly, one strategically, one very publicly
By Sydney LakeJuly 14, 2026
7 hours ago
Summer camps remain a battleground over what it means to be American
North America
Summer camps remain a battleground over what it means to be American
By Seth T. Kannarr, Derek H. Alderman and The ConversationJuly 13, 2026
1 day ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
2 days ago
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
2 days ago
Current price of silver as of Tuesday, July 14, 2026
Personal Finance
Current price of silver as of Tuesday, July 14, 2026
By Joseph HostetlerJuly 14, 2026
14 hours ago
Current price of gold as of July 13, 2026
Personal Finance
Current price of gold as of July 13, 2026
By Danny BakstJuly 13, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.