Sentences with phrase «broker voting rules»

As a result of changes adopted by the NYSE to its broker voting rules, including changes mandated by the Dodd - Frank Act in connection with stockholder votes on executive compensation matters, the NYSE does not consider the election of directors (Item 1), the advisory resolution regarding named executives» compensation (Item 2), and the advisory proposal on the frequency of future advisory votes regarding named executives» compensation (Item 3) to be routine.

Several companies, including General Electric Co., Pfizer Inc., J.P. Morgan Chase & Co. and Exxon Mobil Corp., recently wrote letters to the SEC urging the agency to hold off on eliminating the broker vote rule change until the agency undertakes a broader review of proxy rules.

Not exact matches

If you are a beneficial holder and do not provide specific voting instructions to your broker, under a recent rule change the organization that holds your shares will not be authorized to vote on the election of directors.

Because of a change in New York Stock Exchange rules, unlike previous annual meetings, your broker will NOT be able to vote your shares with respect to the election of directors if you have not given your broker specific instructions to do so.

All other proposals are «non-discretionary matters» under NYSE rules, which means your bank, brokerage firm, broker - dealer or other similar organization may not vote your shares without voting instructions from you.

Under the NYSE rules for member organizations: (i) the election of directors; (ii) the non-binding advisory vote to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) each of the shareholder proposals described in this proxy statement are not matters on which a broker may vote without your instructions.

Under the rules of the New York Stock Exchange, brokers, trustees or other nominees may generally vote on routine matters but can not vote on non-routine matters.

The SEC rule change is expected to say that such elections are no longer routine items and brokers can't vote the stock either way without shareholder instructions.

Under current rules, investors must instruct their brokers on how to vote at least 10 days before the election.

The rule change centers on a technical issue: Whether brokers are allowed to vote on their clients» behalf in director elections.