Sentences with phrase «board voting rules»

Not exact matches

MILAN, April 23 - A judge ruled in favor of an appeal by Telecom Italia and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

«Shareholders can vote, but boards can just ignore them under the «business judgment rule» backed by state laws and courts.

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.

MILAN, April 23 (Reuters)- A judge ruled in favor of an appeal by Telecom Italia (TIM) and its leading investor Vivendi to block a vote on some board director replacements proposed by activist fund Elliott at an April 24 shareholders meeting, a court document showed.

Current proxy rules work against shareowners who are trying to vote in alternative and independent board members, but it is shortsighted of firms to ignore owners» interests.

The University System of Maryland's Board of Regents voted to waive the residency rule on Tuesday.

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.

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.

The Committee is governed by the same rules regarding meetings (including meetings in person or by telephone or other similar communications equipment), action without meetings, notice, waiver of notice, and quorum and voting requirements as are applicable to the Board.

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.

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.

He directed some final jabs at Michael Dell, reiterating that he still thought the founder's buyout offer was too low, and compared the company's board — which postponed the shareholder vote numerous times and changed the voting rules to better Michael Dell's takeover chances — to a dictatorship.

Minnesota Hockey, the governing body for 40,000 youth hockey players in the state, has voted to continue rule changes enacted last January which stiffened the penalties for checking from behind and boarding and hope for better enforcement.

The board also voted to amend the Park District's rules to give full spousal benefits to people who have entered into civil unions.

Yesterday, the state Georgia State Board of Education voted 9 - 1 to allow Georgia schools exemptions to the federal Smart Snack rule.

A referendum asking Arlington Heights voters whether a non-binding vote should be taken before gambling is introduced or expanded in the village has survived a challenge and will remain on the November ballot, the village electoral board ruled Monday.

Watchdog groups sent a letter to JCOPE calling on the commission to revise its rules so authority heads (like MTA Chairman Joe Lhota) must get the approval of their boards by a public vote before they serve on private sector boards or take an outside job, in addition to getting approval from JCOPE.

The politically appointed commissioners of the state Board of Election plan to vote today on a rules change granting them more control over the investigations by Risa Sugarman, the board's chief enforcement couBoard of Election plan to vote today on a rules change granting them more control over the investigations by Risa Sugarman, the board's chief enforcement couboard's chief enforcement counsel.

He said the New York State Board of Elections, which allowed the LLCs to be exempt from contribution limits back in the 1990s, could simply vote to rescind that rule.

«Also, unbelievably, the Judge here ruled that the Board of Elections does not need to keep track of the number of double votes.

The unlikely alliance of the WFP and state Conservative Party is declaring victory following a judge's ruling that cleared the way for the minor parties» lawsuit over the state Board Elections» policy on so - called «double - voting» to continue.

A similar proposal was voted down in nearby Hurley based on board members fears of a loss of home rule to Byway cooperative agreements there.

The commissioners also discussed the possibility Tuesday of calling on Albany to change state rules to allow the city to equip its voting machines with wireless capabilities, so that results could be transmitted directly from machines to the board without needing to transport memory sticks or ballots.

This new alliance on the five - member board resulted in votes to rescind both the town's Rules of Procedure in conducting town board meetings, and to rescind a town policy requiring individual town board members obtaining full - board approval before utilizing services of the town attorney.

District Judge Mark Walker last week ruled the board must overhaul the voting rights restoration process for felons.

In 1989, the Supreme Court declared the Board of Estimate unconstitutional, because it violated the one - person one - vote rule by giving New York's least - populous borough, Staten Island, as much power as its most populous borough, Brooklyn.

He says the State Board of Elections, which allowed the LLC's to be exempt from contribution limits back in the 1990's, could simply vote to rescind that rule.

These below - market rate units are subject to rules regarding, for instance, how much their rents can be raised each year (which will be voted on by the Rent Guidelines Board on June 24) and are seen as an important way to keep New York City affordable.

It charges the board also did not follow federal rules which said there had to be a public comment period two weeks prior to the board's vote.

Activists also tried to convince the New York State Board of Elections to administratively change the rules and limit LLC contributions, but the board deadlocked, with the two Democratic commissioners voting yes and the two Republicans votinBoard of Elections to administratively change the rules and limit LLC contributions, but the board deadlocked, with the two Democratic commissioners voting yes and the two Republicans votinboard deadlocked, with the two Democratic commissioners voting yes and the two Republicans voting no.

Ohio Democratic Party Chairman Chris Redfern said Blackwell should step aside because his office is responsible for the rules that govern county election boards that had scattered problems last Tuesday, including poll workers who did not know how to turn on new electronic voting machines.

ALBANY — The politically appointed commissioners of the state Board of Election plan to vote Thursday on a rules change granting them more control over the investigations by Risa Sugarman, the board's chief enforcement couBoard of Election plan to vote Thursday on a rules change granting them more control over the investigations by Risa Sugarman, the board's chief enforcement couboard's chief enforcement counsel.

With New York relevant in the presidential primaries for the first time in decades and both major political parties coming into the state's vote with competitive races, much of Tuesday was dominated by problems with the New York City Board of Elections and criticism of New York State's antiquated voting rules.

The proposed rules, which are set to be voted upon at Thursday's board meeting in Albany, would also allow people or entities that receive subpoenas from Sugarman's office to appeal to the Board of Elections to «quash or modify» board meeting in Albany, would also allow people or entities that receive subpoenas from Sugarman's office to appeal to the Board of Elections to «quash or modify» Board of Elections to «quash or modify» them.

The recommendations voted on by the wage board now go to the Governor's Commissioner of Labor, who will publicly post them for a 15 - day comment period, after that, the new rules for increasing the minimum wage can go into effect in 45 days.

First, the Board of Regents, who are not appointed by Cuomo, but instead by the legislature, voted to permit school districts waivers to delay the new performance rules.

Abyssinian's board of directors will have to vote to approve the use of their funds for Afrika Owes» bail, the judge ruled.

He said this week that SUNY Polytechnic officials «followed every rule, regulation, and law at ever stage of the process and have been completely open and transparent... there are layers of state oversight, internal and external audits, pubic hearings, public board meetings, and public votes.»

On 13 April, the Texas Medical Board voted to accept rules intended to give doctors «a reasonable and responsible degree of latitude» in using experimental stem cell therapies.

The month before the ruling, Dover citizens voted eight pro-ID members off the board and replaced them with a slate from Dover CARES, a group set up to counter the old board's policy (ScienceNOW, 9 November 2005).

By ruling of the presiding officer, or on motion of any Council member supported by at least one - third of the Council members present and voting, any matter on the agenda that has not yet come to vote, with the exceptions of a proposed amendment to the Constitution or a motion to recall an elective member of the Board, may be submitted to the entire Council membership for a mail ballot, or by electronic means, and shall require for its approval a favorable vote of a majority of the Council members, except that a resolution shall require for its adoption a favorable vote of two - thirds of those members.

NLRB board members ruled that graduate assistants should be considered «employees» under the National Labor Relations Act and so eligible to vote for bargaining rights.

The Board of Land and Natural Resources voted 5 - 2 to approve an emergency rule that would restrict access on Mauna Kea and forbid camping materials.

The Pennsylvania State Board of Education is slated this week to vote on rules that would make the state the first to require students to master a set of learning outcomes, rather than take a prescribed number of courses, in order to graduate.

In a Jan. 19 ruling, Judge T. Henley Graves said the board had erred in voting to dismiss Ms. Jones without fully reviewing all the exhibits in her case.

The West Virginia Board of Education has voted unanimously to appeal a federal - court ruling striking down the state's voluntary - prayer amendment.

The board has tentatively set a special meeting to vote on the first set of rules on Feb. 26.

In a move rife with political implications, the Senate Rules committee Wednesday voted to reject one of Gov. Arnold Schwarzenegger's nominees to the California State Board of Education because of her status as a civil servant employed by the state.