Sentences with phrase «board voted not»

The board voted not to include in the general conditions contract nine items, such as daily cleaning and rubbish removal, totaling $ 363,680.

Not exact matches

The board agreed — non-votes will not count against Dell — and changed the new voting date to September 12.

Northwest and Ethical Investments, a Toronto firm, may seek a proxy vote to prevent the co-CEOs from also serving as co-chairmen of the board of directors if RIM's board can't provide adequate justification for the governance structure by the end of January.

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.

Critics complain «say on pay» votes are ineffectual because boards aren't bound to the results, but of the 53 U.S. companies for whom shareholders rejected compensation plans in 2012, 45 made changes and got positive votes the following year, according to Institutional Shareholder Services.

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.

Over the next week, the board will encourage the apparently large number of shareholders that had not cast votes to support the deal, said mergers expert Brian Quinn, an associate professor at Boston College Law School.

But board votes aren't everything.

It was enforced by a voting provision that required Abu Dhabi Investment Council to vote in favor of board nominees select board - members put forth, not uncommon in Canada.

Not only that, but around a third of voting shares abstained from the reelection of every member of the board's compensation committee.

In his letter, Fink threatened that his $ 4.65 trillion investment advisory firm would use its voting muscle to vote no on ineffective, «entrenched» boards that do not embrace a long - term focus.

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.

As a rule, Milner has said he doesn't take board seats in his later - stage investments, and rarely requires founders to hand over voting shares when issuing company stock.

«We took [investing] to the next level by allowing founders to vote out our shares — we don't insist on board seats,» he said today at SXSW.

Netflix's board is divided into three separate classes, so shareholders don't even get to vote for or against all the directors every year, just a selection of them.

That's not a popular idea with Netflix's board because two of its directors, Leslie Kilgore and Richard Barton, have been re-elected in the past with less than 50 % of the vote.

Mittleman has agreed that until July 1, 2019 it won't take any actions against Aimia, including soliciting proxies, voting any shares, calling a special meeting, proposing the removal of board members, engaging in short selling or making disparaging comments about the company.

However, by postponing the vote to May, Vivendi is assured at least five seats on the new board because shareholders will vote on its candidates as well and not just replacements proposed by Elliott.

If, for any reason, any of the nominees is not available as a candidate for director, the persons named as proxy holders will vote your proxy for such other candidate or candidates as may be nominated by the board of directors.

Two areas in particular might benefit from Kalanick's exit, keeping in mind he hasn't resigned from the Uber board nor given up his influential voting shares of the company's stock.

If you submit a proxy, but you do not provide voting instructions, your shares will be voted as recommended by the Board.

However, it is not necessary to mark any boxes if you wish to vote in accordance with the Board of Directors» recommendations; in that case, merely sign, date and return the proxy card in the enclosed envelope.

Bank of China, in a separate filing, said that its board of directors had voted to approve the issuance of not more than 40 billion yuan in write - down undated capital bonds and not more than 80 billion yuan in write - down Tier - 2 capital instruments.

If you sign and return your proxy card but do not give any voting instructions on your proxy card, these individuals will vote your shares by following the Board's recommendations above.

IF YOU SIGN AND RETURN THIS PROXY, BUT DO NOT PROVIDE SPECIFIC DIRECTION WITH RESPECT TO A VOTING ITEM, THIS PROXY WILL BE VOTED WITH RESPECT TO SUCH ITEM AS RECOMMENDED BY THE BOARD OF DIRECTORS.

While our Board does not anticipate that any of the director nominees will be unable to stand for election as a director nominee at our Annual Meeting, if that occurs, proxies will be voted in favor of such other person or persons as may be recommended by our Corporate Governance and Nominating Committee and designated by our Board.

If you are a shareholder of record and you indicate that you wish to vote as recommended by our Board or if you sign, date and return a proxy card but do not give specific voting instructions, then the proxy holders will vote your shares in the manner recommended by our Board on all matters presented in this Proxy Statement, and the proxy holders may determine in their discretion regarding any other matters properly presented for a vote at our Annual Meeting.

The separation, which does not require a shareholder vote, remains subject to market conditions, customary regulatory approvals, an affirmative ruling from the US Internal Revenue Service, the execution of separation and intercompany agreements, and final board approval.

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.

Such conversations can reveal which issues your shareholders actually care about — maybe board diversity isn't even on their radar, and won't be a deal - breaker come vote time.

It wasn't the ideal way to start out as a public company, but it was a clear reminder how much board compensation remains a hot issue, especially with say - on - pay voting continuing to spread.

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.

And if companies don't take such steps, BlackRock — and everyone else who owns shares in these companies — could vote to oust their boards of directors.

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.

In some strict sense there is not much that the investors could have done: He has the votes, and they don't, and he could have just toughed it out and sat through some awkward board meetings for the next few years.

The vote - counting methodology used by the Company does not inherently favor proposals submitted by the Board over proposals submitted by shareholders, as the vote - counting standard for approving any proposal other than for the election of directors is identical.

The restrictions imposed by federal law currently require that no more than 25 % of our voting stock be voted, directly or indirectly, by persons who are not U.S. citizens, and that our president and at least two - thirds of the members of our board of directors and senior management be U.S. citizens.

You are encouraged to specify your choices by marking the appropriate boxes on the reverse side, but you need not mark any boxes if you wish to vote in accordance with the Board of Directors» recommendations.

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.

The restrictions imposed by federal law currently require that no more than 25 % of our stock be voted, directly or indirectly, by persons who are not U.S. citizens and that our president and at least two - thirds of the members of our board of directors and senior management be U.S. citizens.

We are also subject to restrictions imposed by federal law that require that no more than 25 % of our stock be voted, directly or indirectly, by persons who are not U.S. citizens and that our president and at least two - thirds of the members of our board of directors and senior management be U.S. citizens.

The Board of Directors reasons for recommending a vote against those proposals have not changed.

This finding — that Liberal - and NDP - voting business owners are more on - board than not with changes to income sprinkling rules — suggests that this specific change may not be a crisis for the federal government in the way some have characterized these changes overall.

Those appointments are likely to happen Tuesday at its board meeting, but it's not yet clear if they can vote on governance issues.

A move to dissolve Saskatchewan's real estate boards and provincial association with an eye toward forming a single organization has failed to pass after it did not receive the required two - thirds approval from the voting groups.

The whole episode culminated in Renault's independent board members condemning the government's «destabilising» influence on the Nissan - Renault alliance, the signing of an agreement between the state and the company that would cap the state's voting rights on most resolutions, and an amendment to the master co-operation agreement with Nissan, in which Renault agreed not to use its shareholding to oppose the Nissan board.

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..

DavidsTea's board of directors is urging shareholders to vote against Segal's proposed board members, and they are not alone.

It's not clear if Kalanick or the other directors were irked by the slide, although the board did vote in Khosrowshahi unanimously on Sunday.