Sentences with phrase «controlled by shareholders»

This kind of bureaucratic, navel - gazing, theoretical academic - style bungling would likely not happen if ORE (CREA, OREA et al) were comprised of «for profit» organizations owned and controlled by its shareholders, being Realtors in the trenches.

The bar is independent because it is not controlled by shareholders or the strategic plans of affiliates or sister companies.

Along with a new independent chairman expected to be named later this month, the reconfigured board will effectively be controlled by shareholders — a shift expected to serve as a check on McClendon.

Of course, the social network is a corporation controlled by its shareholders (primarily Mark Zuckerberg), and therefore it isn't required to adhere to the free - speech dictates of the First Amendment.

Not exact matches

In a statement, Viacom lead director Salerno, among the directors targeted for removal, called Thursday's action a «brazen and demonstrably invalid attempt» by Shari Redstone «to gain control of Viacom and its management in disregard of Sumner Redstone's wishes,» at odds with the board's efforts «to represent the best interests of all of the shareholders of Viacom.»

So Viacom's new chairman is not only unloved by some large shareholders, but also unloved by his own vice-chairman, the daughter of the company's controlling shareholder and one of the people who will direct Redstone's assets after his death.

In addition to the battle for control, which has pitted Dauman against 93 - year - old controlling shareholder Sumner Redstone and his daughter Shari, the company said that advertising sales have been weak, and they are expected to be down by 4 % for the quarter.

That plan was later scrapped by the board amid shareholder pressure, though he still has effective control of the company.

What probably will make a difference is whether the board — which last fall paid out a $ 300 million special dividend to shareholders — accepts the offer by Arthur T. Demoulas to acquire the 50.5 percent stake in the $ 4.6 billion company now controlled by his cousin Arthur S. Demoulas and other family members.

Beijing - based China Oceanwide — described by Genworth President & Chief Executive Officer Tom McInerney as «an ideal owner» going forward — is also the controlling shareholder of Hong Kong - listed China Oceanwide Holdings, worth about $ 1.6 billion by market value.

In his 2005 decision in the Disney shareholder case, Chancellor Chandler served up a stern warning to boards of directors according to a report by Reuters: «If neither the courts nor the markets are able to restrain executive compensation... the result will be imposition of regulatory controls.

SEOUL, March 30 - Shares of Hyundai Mobis dropped almost 7 percent on Friday, hurt by worries that a proposed restructuring plan would benefit the parent group's controlling family at the cost of the company's shareholders.

The letter comes ahead of a showdown on March 6, when Qualcomm shareholders are scheduled to elect an 11 - member board and decide whether to hand control to a slate of six nominees put forward by Broadcom.

While a board of directors has a duty to maximize shareholder value by running a fair sales process, the Murdochs own about 17 percent of Fox and control the company through voting shares.

The U.S. - Belgian conglomerate sweetened its terms to smaller shareholders by some 4.3 % to 44 British pounds a share, and the terms for the strategic shareholders who control 41 % of SABMiller's stock by 4.1 % to the equivalent of GBP39.03.

FORTUNE — At HP, shareholders need to hold onto their wallet and take a look — not at the distraction of Meg Whitman becoming CEO, but at what Ray Lane's continuing work at the helm will bring as he expands his span of control by moving from the position of independent to executive chair.

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.

Modern corporations are typically characterized by a «separation of ownership and control» — that is, companies are generally run by professional managers, who manage on behalf of a very large number of mostly - anonymous shareholders.

It also impacts the control of the deal, as it reshuffles the future preferred shareholder base by insuring only the committed investors continue to have preferred stock (and the corresponding rights).

A stake purchase by the activist investor could add friction in a potential merger of the $ 53 bln software company with its controlling shareholder Dell.

Yet this time around Burger King, backed by its largest shareholder, a Brazilian private equity firm called 3G Capital, plans to locate the holding company that will control the two chains squarely on Canadian soil.

Strine granted summary judgment to M&F Worldwide, finding that the board did not breach its duty to shareholders when it approved a $ 25 per share offer by MFW's controlling shareholder, MacAndrews & Forbes (which, in turn, is wholly owned by Ron Perelman).

Those plans were blocked by controlling shareholder Martha Billes and Ackman eventually gave up and sold his shares in the company.

This is because the deal — which was ultimately approved by the board — transferred control of Xerox to Fujifilm without any payment to shareholders, named Jacobson as CEO of the combined entity, and gave Jacobson / Xerox say over the makeup of the combined entity's board.

The merger agreement was brought today to Natural Resource's board of directors, headed by controlling shareholder Roy Sebag, for approval.

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:

We also have adopted an «Identity Theft Prevention Program» with procedures and controls reasonably designed to ensure the protection and proper disposal of shareholder account information obtained by us.

We have also adopted an «Identity Theft Prevention Program» with procedures and controls reasonably designed to ensure the protection and proper disposal of shareholder account information obtained by us.

The airline is set to be taken private by its majority shareholder, the state fund Khazanah Nasional, in a move to revamp its business — effectively giving the government full control.

Roy Sabag, controlling shareholder in the company and its CEO, announced recently that after the merger with Backbone Hosting Solutions was completed, he would be replaced as CEO by Wes Fulford, who was recently named CEO of the Canadian company.

Without a controlling shareholder, there would be little excuse for having more than one - third of your board populated by related directors.

«To ensure public shareholders are not disadvantaged, any takeover bid would need to be put to a shareholder vote and any recommendation by the board would have to be based on an appropriate premium as well as safeguards for future probity given past track records of the businesses controlled by the Murdoch family», said Kieran Quinn, chairman of Britain's Local Authority Pension Fund Forum (LAPFF).

The corporate research firm classified just three of the company's 11 board members as independent, noting that «many directors hold interlocking directorships with companies largely controlled by dominant shareholder John Malone,» who is the chairman of Liberty Media Corp..

See «Description of the Trust Agreement — Termination of the Trust» for more information about the termination of the Trust, including when the termination of the Trust may be triggered by events outside the direct control of the Sponsor, the Trustee or the Shareholders.

Rob Woolley has stepped down as chairman of TasFoods, days after quitting the board of Bellamy's Australia, following threats by major shareholder Jan Cameron of another requisition, as their bitter months» long fight over control of organic baby formula maker spills over to the agricultural company.

The new entity, controlled by Danone with a 58 % equity interest and in which former shareholders of Unimilk own 42 %, is the new leader for dairy products in the CIS area.

That is a significant oversight considering that Warrnambool is controlled by four big shareholders with competing interests controlling about 63.5 per cent of the company, hedge funds controlling about 15 per cent and the balance held by retail shareholders.

Saputo chief executive Lino Saputo Jnr said he is optimistic his company can win control of WCB by Christmas ahead of a roadshow in Victoria for WCB shareholders and suppliers.

The Treasury board has sent a clear signal to the market that a change of control is a strong likelihood, by foreshadowing on Friday that it wanted to coincide its upcoming annual general meeting with any scheme of arrangement meeting where shareholders will be required to vote to wave through any takeover.

A rush of takeovers of Australian mining resources by their Chinese shareholders is being driven by a change in political leadership and a desire to take control of strategic assets.

Most importantly, Banducci has delivered much - needed cultural change — putting customers rather than shareholders first to underpin long - term growth, repairing damaged relationships with suppliers, rebuilding the confidence of staff and creating a less centralised structure by giving Woolworths» business units more control over their own destinies.

The set up put in place by the board in 2015 allowed existing supplier shareholders to keep a controlling vote in the cooperative, while also allowing non-voting shareholders to buy into the company.

Arsenal are currently owned by a number of shareholders, with the main stakeholder Stan Kroenke, or Silent Stan as he is commonly referred as, being in control of the club's affairs.

FSF Limited is now owned by Outro Limited which is wholly owned by Ken Bates, who is now the controlling shareholder of Leeds United and delivers the transparency required.

This angered Bates, who only yesterday became the controlling shareholder of the club, was angered by the comments especially as he has not been impressed with McCartney's attitude since arriving from Wearside.

The Swiss pharmaceutical company will purchase Nestle SA's 52 percent stake for about $ 28 billion before carrying out a merger with Alcon that would give it control of the remaining 23 percent held by minority shareholders.

In the UK, we have a tightly controlled planning system and a construction industry dominated by large private shareholder firms (not dissimilar to our banking system).

They also control 40 % of votes, meaning a defeat by independent shareholders of the reappointment of James and Lachlan Murdoch is unlikely.

One of the justifications that liberals make for the regulation and taxation of corporations is that corporations are by their very nature government - subsidized enterprises, because the government gives them limited liability status, i.e. it makes it so that even though the shareholders control what the corporation does, they are not personally liable for damages due to what the corporation does, beyond the money they've invested.

And what the discussion paper is that we're talking about is looking at the various options by which the owners of companies — the shareholders — can exercise more effective control.