Prosecutions are being brought for the first time
against company directors for failings by their companies in following the correct procedures when dismissing redundant employees.
Not exact matches
The settlement with the Federal Trade Commission is the latest setback for Uber, which is facing a divided board of
directors and angry shareholders after an investor lawsuit was filed
against the
company's ousted chief executive.
Elaine Wynn, who co-founded the hospitality
company with her ex-husband, Steve Wynn, is starting a campaign to remove one of the three board
directors investigating the sexual misconduct allegations
against the former CEO.
Wesfarmers shareholders have delivered a mild rebuke to their board of
directors, delivering a protest vote
against a new share options scheme but supporting the
company's remuneration report.
Cofounders Melissa Mash, Deepa Gandhi, and Jessy Dover are now the CEO, COO, and creative
director, respectively, of the
company that is holding its own
against Coach, Michael Kors, Kate Spade, and Tory Burch for the attentions of workingwomen.
The FT had reported on Friday that the
company's lawyers had refused independent
directors access to personnel files detailing allegations
against Weinstein long before the issue erupted earlier this month.
In addition to giving up potential claims
against the
company, Hortons former leader waived his right to submit a written statement to the board concerning his departure as a
company director.
In response to the lawsuit, the Weinstein
Company's board of
directors called many of the allegations leveled
against them «inaccurate,» and said that «any suggestion that the
Company or its Board somehow impeded or discouraged the buyer's access to the New York Attorney General is untrue.»
Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas
company continues to pursue recovery of funds through a civil action
against former
director Peter Landau.
The corporate watchdog has begun civil penalty proceedings
against Padbury Mining and two of its
directors over statements made last year claiming the
company had lined up $ 6 billion in equity to fund construction of a port and rail network at Oakajee north of Geraldton.
Nabors shareholders also sent a strong rebuke
against the
company's governance practices with a majority vote
against one of its two
director nominees, Myron M. Sheinfeld.
Yet its potency has been greatly reduced, particularly as a weapon
against officers and
directors of public
companies.
And in any case, the U.K. Information Commissioner says it can take action
against individual
directors even of a
company that's been declared insolvent, Collins added.
The outspoken and often controversial Wilson said his vote
against the two
directors sends a signal to the financial community that Lululemon must address the board member issue if the
company is to recover.
VANCOUVER — Shareholders of Lululemon Athletica Inc. (Nasdaq: LULU) have re-elected two
directors that the
company's founder and largest shareholder Chip Wilson voted
against in an apparent boardroom backlash, the latest controversy to come to light at the struggling yoga wear retailer.
For example, if Jasper is the worst vice president in the
company, then all of the
directors will benchmark themselves
against Jasper and demand promotions as soon as they reach his low level of competency.»
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims
against the board of
directors of Analogic Corporation («Analogic» or the «
Company»)(NASDAQ GS: ALOG) regarding possible breaches of fiduciary duties and other violations of law related to the
Company's entry into an agreement to be acquired by an affiliate of Altaris Capital Partners, LLC («Altaris») in a transaction valued at approximately $ 1.1 billion.
To the fullest extent permitted by applicable law, you agree to indemnify, defend and hold harmless Daily Harvest, and our respective past, present and future employees, officers,
directors, contractors, consultants, equityholders, suppliers, vendors, service providers, parent
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The firm, created for the sole purpose of lobbying Taseko to replace two
directors and give it a say in key
company decisions, had no choice: by the meeting's cut - off date for advanced voting, with 50 % of the votes in, shareholders had voted a resounding 94 %
against the dissident's proposals.
Unless you indicate otherwise, the persons named as proxies on the proxy card will vote your Shares: FOR the election of each of the nominees for
director named in this proxy statement; FOR the ratification of E&Y as Walmart's independent accountants for fiscal 2014; FOR the non-binding advisory resolution to approve the compensation of the
company's NEOs; FOR the approval of the Management Incentive Plan, as amended; and
AGAINST each of the shareholder proposals appearing in this proxy statement.
SOUTH SAN FRANCISCO, Calif. — February 5, 2018 — FLX Bio, Inc., a biopharmaceutical
company focused on the discovery and development of oral small molecule drugs to activate the immune system
against cancer, today announced the appointment of senior pharmaceutical research and development executive Michael F. Giordano, M.D., to its Board of
Directors.
Xerox said on Tuesday that it reached an agreement with Mr. Icahn and Mr. Deason to resolve a proxy challenge they had mounted to unseat Xerox's leadership, as well as litigation
against the
company and its
directors.
April 14 Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote
against the re-election of five Equifax Inc
directors who served on the
company's audit and technology committees prior to a 2017 data breach.
Proxy adviser Institutional Shareholder Services on Saturday recommended investors vote
against the re-election of five Equifax Inc
directors who served on the
company's audit and technology committees prior to a 2017 data breach.
Tesla's board is recommending that shareholders vote
against the proposal, saying lead independent
director Antonio Gracias protects the
company against any potential governance issues arising from having a non-independent chairman.
While this is not the first time an established
company has attempted legal action
against its former employees — in January, Tesla sued its former
director of Autopilot for poaching people to join his new startup — this is the first time Waymo has taken such action.
Less than two months after The Wall Street Journal broke the story of alleged sexual misconduct
against Steve Wynn, he's quit his jobs as CEO and chairman of the board of
directors and sold all 12.1 million shares he held in the
company he founded.
«This alliance will allow us to put to use some of the most powerful technologies available in the battle
against counterfeit goods,» said Sam Shen, a Shanghai - based
director at direct - selling
company Amway.
In the event that (i) the Board of
Directors proposes, recommends, approves or otherwise submits to the shareholders of the
Company, for shareholder action, a Deemed Liquidation Event, and (ii) a Holder has not received written notice from the holders of a majority of the shares of Key Holder Common Stock that such holders approve the Deemed Liquidation Event, then such Holder hereby agrees to vote (in person, by proxy or by action by written consent, as applicable) all shares of capital stock of the
Company now or hereafter directly or indirectly owned of record or beneficially by such Holder
against the Deemed Liquidation Event, to assert statutory dissenters» rights with respect to the Deemed Liquidation Event, and to take such other action in derogation of the Deemed Liquidation Event as shall be requested by the holders of a majority of the shares of Key Holder Common Stock in order to carry out the terms and provision of this Section x.y..
Once purchased, this insurance protects the
directors» personal assets in a larger suit
against the
company.
Unsealed documents related to a class - action lawsuit filed on April 29
against Facebook's board allege that
director Marc Andreessen had conflicts of interest related to the
company's plan to create a new class of stock.
From Reuters: 14:47 TARGET CORPORATION SHAREHOLDERS ELECT
COMPANY»S
DIRECTOR NOMINEES Supposedly the margin was over 70 % voting for the Target (TGT) board,
against Ackman and Pershing Square.
At the end of December, because of that announcement, a request was filed for a class action
against the
company and its
directors.
In January, Tesla filed a lawsuit
against Sterling Anderson, a former
director of the
company's Autopilot program, saying that he broke his employment contract by trying to recruit Tesla employees to join a new self - driving car
company.
In a Glass Lewis Proxy Talk held April 17, 2014, Anne Simpson of CalPERS and Michael Garland of the New York City Comptroller's Office discussed why they think shareholders should vote
against the re-election of four Duke Energy Corporation
directors for what they believe to be a failure of the
directors to fulfill their obligations of risk oversight as members of a committee overseeing health, safety, and environmental compliance at the
company.
In a unprecedented move, Warren Buffett rebuked building materials
company USG USG and said he voted
against its board of
directors slate.
It's that background and history that gives Espresso Americano the edge
against other coffee franchises, and North America
Director David Kubena says the
company's knowledge will serve it well as it works to make greater inroads into the North American market.
ACC managing
director David Foote said the
company had «no choice but to commence legal action»
against Coles after «exhaustive negotiations» failed to resolve the dispute.
Fonterra Cooperative Group shareholders will vote on four new
directors — one - third of the board — after the dairy
company's exhaustive new selection process that rates candidates
against a «skills matrix».
You agree to indemnify, defend and hold the USTA Family of
Companies, the USTA» Family of Companies» subsidiaries and other affiliated companies / organizations and sponsors and their respective officers, directors, employees and agents harmless from and against any third - party claims, demands, actions, suits, proceedings, liabilities, damages, losses, judgments and expenses (including, but not limited to, the costs of collection, reasonable attorney's fees and other reasonable costs of defense or enforcing your obligations hereunder) resulting from or arising out of any breach of any of your representations or misuse of this or any other USTA Family of Companies site or of any site linking to this or any other USTA Family of Compan
Companies, the USTA» Family of
Companies» subsidiaries and other affiliated companies / organizations and sponsors and their respective officers, directors, employees and agents harmless from and against any third - party claims, demands, actions, suits, proceedings, liabilities, damages, losses, judgments and expenses (including, but not limited to, the costs of collection, reasonable attorney's fees and other reasonable costs of defense or enforcing your obligations hereunder) resulting from or arising out of any breach of any of your representations or misuse of this or any other USTA Family of Companies site or of any site linking to this or any other USTA Family of Compan
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directors, employees and agents harmless from and
against any third - party claims, demands, actions, suits, proceedings, liabilities, damages, losses, judgments and expenses (including, but not limited to, the costs of collection, reasonable attorney's fees and other reasonable costs of defense or enforcing your obligations hereunder) resulting from or arising out of any breach of any of your representations or misuse of this or any other USTA Family of
Companies site or of any site linking to this or any other USTA Family of Compan
Companies site or of any site linking to this or any other USTA Family of
CompaniesCompanies site.
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Since joining Open Rights Group as its Executive
Director in January 2009, Jim Killock has led campaigns
against three strikes and the Digital Economy Act, the
company Phorm and its plans to snoop on UK users, and
against pervasive government Internet surveillance.
Responding to claims of allegations
against the Managing
Director of the Bulk Oil Storage and Transportation
Company Limited (BOST), Alfred Obeng on Asempa FM, he revealed that some elements within the party are fueling his sack because he has refused to allow them have their selfish way.
The race for Harris County district clerk pits Marilyn Burgess, chief financial officer for a fastener
company and a past executive
director of the Texas PTA,
against Roslyn «Rozzy» Shorter, an international service manager.
A Minority MP and a member of the Energy Committee in Parliament, Edward Bawa, believes the Energy Ministry's attempt to unravel the controversies surrounding the contaminated fuel sale at the Bulk Oil Storage and Transportation
Company (BOST), will be held back by staff who have kicked
against calls for the interdiction of their Managing
Director, Alfred Obeng.
The Managing
Director of the Bulk Oil Storage and Transportation
Company (BOST), Alfred Obeng Boateng, has said allegations of financial malfeasance against the company by the Chamber of Petroleum Consumers (COPEC) boss, Duncan Amoah, are false and ba
Company (BOST), Alfred Obeng Boateng, has said allegations of financial malfeasance
against the
company by the Chamber of Petroleum Consumers (COPEC) boss, Duncan Amoah, are false and ba
company by the Chamber of Petroleum Consumers (COPEC) boss, Duncan Amoah, are false and baseless.
From the Office of State Comptroller Thomas P. DiNapoli New York State Comptroller Thomas P. DiNapoli on Wednesday announced that the New York State Common Retirement Fund (the Fund) plans to vote
against all board
directors standing for re-election at
companies that have no women on their boards.
New York State Comptroller Thomas P. DiNapoli on Wednesday announced that the New York State Common Retirement Fund (the Fund) plans to vote
against all board
directors standing for re-election at
companies that have no women on their boards.
Assume that the board of
directors of XYZ Co. passes a resolution prohibiting the use of
company funds to resolve cases of sexual harassment brought
against the
company.
[26] Maude, «who has railed
against irresponsible lending by banks and mortgage
companies», was accused of hypocrisy for receiving more than # 100,000 as a
director of a
company that has profited from sub-prime mortgages.