Sentences with phrase «board majority voted»

Not exact matches

Proposals to declassify the board and require majority voting are almost always popular with shareholders, so it's not like these companies are going out on a limb.

The board really polices itself but shareholders should have a greater say, through at a minimum majority voting and not having staggered boards.

Nabors» board is not legally compelled to abide by the majority vote against Sheinfeld's election, and it has decided to keep him on the board.

Ackman brought a proxy contest, winning an overwhelming majority of the vote and garnering a majority of the board seats.

Even if they don't have a majority vote on the company's board of directors, investors are still part owners and have legal rights.

They are asking for policies that most well run companies have adopted; things like majority vote standards, so directors are only elected to the board if a majority of shareholders want them there.

Elliott wants to keep Genish, appointed by Vivendi, but he told Britain's Sunday Telegraph that his position would be untenable if Elliott and its allies secured a majority of board seats at a shareholder vote on Friday.

Vivendi's chances of securing a board majority are fading, especially after three proxy advisors recommended backing Elliott's candidates ahead of the April vote, saying the French group had been damaging for governance and shareholder returns.

In Italy, Telecom Italia chief Amos Genish said that his position in the firm would be «untenable» if activist fund Elliott gets the majority of the board seats during a shareholder vote Friday, Reuters reported.

The proxy access resolution (so named because board nominations and ballots are contained in company proxy statements) got a majority vote of 55 percent at Chevron and 49.4 percent at Exxon.

Yet Zuckerberg — who is not only Facebook's CEO, but also the chairman of its board and its majority voting shareholder — struggled to describe when his personal thinking about the company and its philosophy shifted.

It's an important change, because many boards now following the TSX's voting rules do take advantage of this loophole: in 2015, 21 directors got majority withholds, and in 16 of the cases, boards used the exemption rule to keep the director.

New rules will require CBCA companies — about 40 % of companies listed on the TSX — to hold an election for their entire board of directors annually, vote for each director individually and, most importantly, use uniquely crafted majority - voting rules that only let shareholders vote «no» or «yes» for a director, eliminating the use of «withhold» votes which is standard practice under existing TSX rules.

November 16, 2015 - CCGG's Executive Director Stephen Erlichman was quoted in the Financial Post suggesting that the TSX provide guidance to boards about the meaning of «exceptional circumstances `' in the TSX's majority voting rule.

Any incumbent director who is a director nominee and who does not receive a majority vote must promptly tender his or her offer of resignation as a director for consideration by the Board.

These governance policies include the annual election of all Board members and a majority voting requirement for the election of directors.

L. (Sept. 1, 2014), http://us.practicallaw.com/4-578-4485 [http://perma.cc/8XRK-A4YL](«It appears that ISS negative vote recommendations based on the perceived lack of board responsiveness to shareholder concerns (as evidenced by the failure to implement a successful shareholder proposal) was the leading factor associated with directors who failed to receive a majority of votes cast in an uncontested election in 2014.»)

Experience with cumulative voting suggests that adversarial relations between the majority block and the minority of shareholder nominees commonly dominate such divided boards.

Under the 2017 Plan, a change in control is defined to include (1) the acquisition by any person or company of more than 50 % of the combined voting power of our then outstanding stock, (2) a merger, consolidation, or similar transaction in which our stockholders immediately before the transaction do not own, directly or indirectly, more than 50 % of the combined voting power of the surviving entity (or the parent of the surviving entity), (3) a sale, lease, exclusive license, or other disposition of all or substantially all of our assets other than to an entity more than 50 % of the combined voting power of which is owned by our stockholders, and (4) an unapproved change in the majority of the board of directors.

She joins an Uber board that includes a voting majority made up of Kalanick, co-founder Garrett Camp, and the company's first employee, Ryan Graves, according to a person familiar with the company.

Telecom Italia CEO Amos Genish said his position at Italy's biggest phone group would be «untenable» if activist fund Elliott manages to win the majority of board seats at a shareholder vote.

The Board believes that it is the responsibility of any person putting a proposal forward for shareholders to approve — regardless of whether the Company or a shareholder proponent — to persuade shareholders owning a majority of the shares that vote to support the proposal.

that director nominees be selected, or recommended to the board of directors for selection, by majority vote of the independent directors or by a nomination committee comprised solely of independent directors.

In connection with a shareholder proposal made at the 2012 annual meeting of shareholders, the Company informed its shareholders that the Board had adopted a policy providing for majority voting for the election of directors in uncontested elections and that the Company would take steps to implement majority voting in its Articles and bylaws.

Under these rules, a company of which more than 50 % of the voting power is held by an individual, a group or another company is a «controlled company» and may elect not to comply with certain corporate governance requirements of the, including (1) the requirement that a majority of the board of directors consist of independent directors, (2) the requirement that we have a nominating and corporate governance committee that is composed entirely of independent directors with a written charter addressing the committee's purpose and responsibilities and (3) the requirement that we have a compensation committee that is composed entirely of independent directors with a written charter addressing the committee's purpose and responsibilities.

that the compensation of our executive officers be determined, or recommended to the board of directors for determination, by majority vote of the independent directors or by a compensation committee comprised solely of independent directors; and

It has since emerged major institutions had threatened to lodge a protest vote at the annual meeting, where a majority of the company's nine - person board was seeking election or re-election.

Similar proposals, also called «Aiming for A,» received well over majority support at a handful of European companies where they were submitted in 2015, due in large part to the fact that in each case the board recommended shareholders vote in favor.

NEW YORK (Reuters)- Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman.

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..

It also plans to introduce a majority voting policy in 2012, which would require directors to offer their resignations to the board if they fail to garner a majority of «for» votes in annual shareholder elections.

SHARE director of law and policy Laura O'Neill said the only other directors she knows of who failed to win majority support this year were on the board of Quebecor Inc., where holders of class B subordinate shares voted just 43 per cent in favour of electing the entire board as a slate.

- Majority voting policies provide minority shareholders with greater influence over the composition of the board of directors, who are their key representatives.

In such case, the composition of the board in future elections typically defaults to one vote per share (preferred converted to common basis) and may be favorable to the common stockholders as they typically control a majority of the outstanding shares.

Majority voting policies provide minority shareholders with greater influence over the composition of the board of directors, who are their key representatives.

And many corporations that have adopted some sort of majority voting have adopted policies that nevertheless allow incumbent directors to remain on corporate boards even if their reelection was opposed by a majority of shareholders.

20th December 2017 - London Stock Exchange Group result of general meeting: majority of shareholders vote with board against proposed resolution to remove Donald Brydon

majority of the members of the Governance Committee received a Majority Withheld Vote at the same election, then the independent directors who did not receive a Majority Withheld Vote shall appoint a committee among themselves to consider any resignation offers and recommend to the Board whether to accept such resignationmajority of the members of the Governance Committee received a Majority Withheld Vote at the same election, then the independent directors who did not receive a Majority Withheld Vote shall appoint a committee among themselves to consider any resignation offers and recommend to the Board whether to accept such resignationMajority Withheld Vote at the same election, then the independent directors who did not receive a Majority Withheld Vote shall appoint a committee among themselves to consider any resignation offers and recommend to the Board whether to accept such resignationMajority Withheld Vote shall appoint a committee among themselves to consider any resignation offers and recommend to the Board whether to accept such resignation offers.

In late 1973 the board, now dominated by a pro-Preus majority, voted to suspend Tietjen.

RiceBran Technologies (NASDAQ: RIBT and RIBTW)(the «Company»), a global leader in the production and marketing of value added products derived from rice bran, today announced that, based on preliminary noncumulative voting results reported by the independent inspector of elections (the «Inspector») following the Company's 2016 Annual Meeting of Shareholders (the «Annual Meeting»), a large majority of shareholders have voted on the WHITE proxy card for the Company's incumbent Board of Directors (the «Board»).

At a very minimum, there would have been 3 owners, all with seats on the board and the club would have been run by a majority vote by the owners on all fronts.

kronkes influence over the club is minimal at best how many decisions does he actually make in the public club domain that we all know of, i am only guessing here but just because he is majority shareholder it doesn't mean he can just do what he wants without the other board members say so, i suppose the rest of the board would vote him out of power and liquidate his shares if he did something really wrong like leveraged the club against a big debt.

According to the Baltimore Sun's Maryland beat writer, Jeff Barker, it's unclear if the Terps even need a majority vote on the board to approve the transfer or if the University System of Maryland Chancellor William E. Kirwan can simply approve the move on his own.

The Arsenal Board, the owner Stan Kroenke and the majority of Arsenal fans are happy for Arsene Wenger to keep control of the Gunners team for the next two years, and even many of those who voted for WengerOut now understand that there is absolutely nothing that can be done again until the end of this new contract, so why continue with the barracking when it only generates negativity?

Fremarek said township trustees were clear in their support for staff, but felt the «no confidence» vote in the district was the only way to get their message across to the park board's majority.

«It is my personal conviction that Garrett Peck is the strongest candidate to help guide the future policy decisions of the Plainfield Park District,» Hurtado said noting that at the time of his vote for Bettin he was not part of the governing majority of the park board.

Should disagreements occur about what constitutes WHO Code compliance, The National Alliance for Breastfeeding Advocacy (NABA REAL) Code Help Center shall be consulted and a decision shall be determined by a majority vote of the Board of Directors.

The Republican had intended to file suit one month ago, but the Democratic majority county Board of Legislators voted against it, so Astorino is going a different route.

The resolution was passed Tuesday evening at the Campbell Sports Complex on 218th Street by a majority vote with 39 members of the 45 - member board present.

DiNapoli says so far, around one fifth of counties have taken preliminary steps to override the cap, as they are permitted to do under the law as long as they can muster a 60 % majority vote from their county legislature or board of supervisors.