Sentences with phrase «by a majority vote by»

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.

Not exact matches

The motion, a broadly worded declaration of support for foreign policy, received 158 votes in favor, below the necessary majority of 160 votes and was followed by a chorus of opposition calls for the government to «quit, quit, quit».

But his fragile grip on power will be tested again in the coming weeks when the Senate, where he has only a wafer - thin majority, votes on financing Italy's military presence in Afghanistan, a mission opposed by some leftist senators.

Senate Majority Leader Mitch McConnell and Republican leaders say they want to bring the Tax Cuts and Jobs Act (TCJA) to the Senate floor for a vote by the end of the week.

The Mueller legislation approved by the Senate panel may be largely symbolic, since Majority Leader Mitch McConnell has said he won't bring it up for a full Senate vote.

In an SEC filing, Facebook has said Zuckerberg will begin by gifting no more than $ 1 billion in stock annually for the next three years, and that he «intends to retain his majority voting position in our stock for the foreseeable future.»

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.

The strategy is intended to produce a bipartisan majority vote for Mr. Brennan in the Senate Intelligence Committee without giving its members seven additional legal opinions on targeted killing sought by senators and while protecting what the White House views as the confidentiality of the Justice Department's legal advice to the president.

It's politically risky for the federal government to ride roughshod over state laws voted in by a majority of the people, says William McGrath, a partner at the Washington, D.C. - based Potomac Law Group.

In April, they voted in favor of a shareholder proposal requiring annual majority rule votes for all directors, which Nabors has said they will abide by.

«The merger can not be completed without approval by holders of a majority of the outstanding shares of EMC and an abstention or failure to vote will have the same effect as a vote against the merger.»

The rebels won the British parliamentary vote by 307 to 294 votes, a majority of 13, after they received support from the Labour Party, a generally pro-European group accused by Cameron of «rank opportunism».

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.

It can be done at a shareholder meeting, by unanimous consent of shareholders, or even by majority shareholder consent «without a meeting, without prior notice and without a vote,» Bouchard wrote.

By Monday morning, the NBA will have crowned a champion and Facebook's shareholders will be gathering for the company's annual meeting, with votes concerning Mark Zuckerberg's majority voting control planned.

Georgia Congressman Tom Price has been cleared as the next Secretary of the Department of Health and Human Services after an ugly confirmation battle which included Senate Democrats boycotting his vote by a key panel (a tactic that was rendered useless as the majority Republicans changed committee rules to push his nomination forward).

You also need to determine the voting rights of the partners — normally a simple majority vote of the partners decides what happens and what doesn't, but you can agree that important decisions be made by a «supermajority» vote of two - thirds or more of the partnership percentages..

Only 21 % of the people surveyed by Ipsos MORI in nine EU countries wanted to leave the EU... Even where protest parties are gaining momentum, it appears unlikely that they will garner sufficient votes to muster a majority.»

Under applicable TSX rules, the transaction also requires the approval of Loblaw shareholders by majority vote, as the number of Loblaw common shares to be issued in the transaction exceeds 25 % of the total number of outstanding Loblaw common shares.

A majority of the shares entitled to vote at the Annual Meeting must be present at the Annual Meeting in person or by proxy for the transaction of business.

«The President of the Republic shall by decree proclaim a referendum on crucial national matters following a resolution voted by an absolute majority of the total number of Members of Parliament, taken upon proposal of the Cabinet.»

So they forced an election they couldn't possibly win by defeating the Conservatives on a confidence vote in Parliament — and gave Prime Minister Stephen Harper something he couldn't get without their invaluable help — a majority government with no chance of being defeated for four years.

Submission to the NYSE re: Request by the U.S. Council of Institutional Investors that NYSE adopt a majority voting listing standard in uncontested elections of directors

The affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of E&Y as Walmart's independent accountants for fiscal 2014; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Management Incentive Plan, as amended; and (iv) the adoption of each of the shareholder proposals.

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.

At any meeting at which a quorum has been established, the affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of EY as Walmart's independent accountants for fiscal 2016; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) the adoption of each of the shareholder proposals.

The affirmative vote of the majority of the votes cast by holders of our common stock present in person or represented by proxy at the Annual Meeting will be required to approve the amendment of the 2004 Plan, provided that the total votes cast on the proposal represent over 50 % of the outstanding stock entitled to vote on the proposal.

In a secret ballot on 23 June 2015, Yindjibarndi people throughout the State voted by an overwhelming two - thirds majority for change in the management and leadership of Yindjibarndi Native Title business.

By 1900, a majority of U.S. corporations had moved to one vote per share.

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.»)

Mr. Diess won favor with the Porsche and Piëch families, who own a majority of Volkswagen's voting shares, by improving profits at the division that makes Volkswagen - brand cars despite a decline in the number of vehicles sold.

Last week UK citizens voted by a narrow majority to withdraw from the European Union (EU), the amalgam of 28 nation states who joined the collective 23 years ago.

The SSE Holdings LLC Agreement may be amended with the consent of the holders of a majority in voting power of the outstanding LLC Interests; provided that if the managing member holds greater than 33 % of the LLC Interests, then it may be amended with the consent of the managing member together with holders of at least 50 % of the outstanding LLC Interests, excluding LLC Interests held by the managing member.

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 addition, the vote - counting methodology used by the Company is the standard applied by a majority of our peers incorporated in Delaware and, according to a 2013 study by GMI Ratings, by a majority of S&P 500 companies.

Take over from a visionary founder whose play for world domination is only half finished (and who is still a majority owner by votes), fix a broken workplace culture, win an existential race (and legal battle) to develop autonomous vehicles, and find a way to turn a profit in a business that has lost billions of dollars a year.

I guess the lesson of Travis Kalanick's resignation as chief executive officer of Uber Technologies Inc. is that you can be the visionary founder of a massive company, stay private to avoid the pressures of the public market, keep control of a majority of the voting power of the shares, and still be forced out in a boardroom coup led by activist shareholders:

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.

The full vote has not been certified, Tribune Publishing's statement asserted, but «it is clear that all Tribune Directors were elected by a majority of the votes cast.»

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

Najib blamed the poor showing in the elections on a «Chinese tsunami,» a remark that stirred up tensions between the majority ethnic Malays represented by UMNO and the Chinese, who overwhelmingly voted for a three - party opposition alliance.

It becomes a vote - buying enterprise financed by transfers from the minority upper classes to the majority middle and lower classes.

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..

By a huge majority, Alberta Progressive Conservatives voted Saturday to dive into uncertain waters, with Jason Kenney at the helm.

MP Richards adds that vote splitting between the two Conservative parties was the reason for last year's results; by uniting the parties we will once again see a Conservative majority in Alberta.

In addition, the number of authorized shares of common stock may be increased by a vote of the majority of the outstanding stock of the corporation if the Certificate of Incorporation allows.

Bill C - 25 will help to create unity as it would bring mandatory majority voting to all public companies covered by the CBCA, including TSX Venture - listed companies.

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.

Under the default rule applicable to virtually every corporation in the United States, however, corporate directors are elected through a standard that guarantees that a director could be elected with even a single affirmative vote, even if that director's candidacy is opposed by the overwhelming majority of shareholders.