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  "documentTitle": "PPG Industries, Inc. (PPG)",
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  "authorName": "Trian Partners",
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  "presentationDate": "2018-10-11 00:00:00",
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      "text": "A 2018 shareholder proposal to declassify PPG’s Board received overwhelming support (99% of votes cast in favor), but insufficient voter turnout resulted in the proposal’s failure... a greater effort should be made to reach retail investors(1)",
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      "text": "PPG has a corporate governance structure that affords shareholders few rights, placing it out of step with the S&P 500",
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      "text": "Source: Company SEC filings; S&P 500 market data from FactSet Shark Repellent.net (1) Proposals to amend the Company’s Articles of Incorporation to declassify the Company’s Board require approval from 80% of all outstanding shares; however, only 74% of shareholders voted on the 2018 proposal (excluding broker non-votes).",
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      "text": "Shareholder Right | % of S&P 500 With Right | PPG? | Annual Election of Directors | 89% | X | Ability to Call Special Meeting | 64% | X | Ability to Remove Directors w/ Majority Vote | 84% | X",
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      "text": "4. ESG: Bring PPG’s Corporate Governance Up to Par with S&P 500",
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