Sentences with phrase «elected by the shareholders»

You are elected by shareholders to exercise your business judgment and discretion.

Senequier had just been appointed to the board in January and elected by shareholders for the first time in March.

Furthermore, under the law in Delaware — legal home to more than half the Fortune 500 and the benchmark for corporate law — the right to manage the business and affairs of the corporation is vested in a board of directors elected by the shareholders; the board delegates that authority to corporate managers.

Not exact matches

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.

Shareholders took the leap by electing all seven of Pershing's nominees to CP's board at the annual meeting on May 17.

The dissident shareholder has nominated four directors to be elected to Crescent Point's 10 - director board on Friday, a move opposed by the Calgary - based company.

If a director's resignation offer is not accepted by the Board, that director will continue to serve until our company's next Annual Shareholders» Meeting and his or her successor is duly elected and qualified or until the director's earlier death, resignation, or removal.

Consequently, the SEC's claim that the shareholder power to nominate and elect directors is imposed by state law and «can not be bargained away» is likely erroneous.

Shoppers Drug Mart shareholders who have not made an election by the election deadline will be deemed to have elected to receive the cash consideration as to 53.9 % of their shares and the share consideration as to 46.1 % of their shares, subject to pro-ration.

In a letter to shareholders, the independent board members said former director Martin Franklin sought a meeting to be elected chairman and was denied by a «significant majority» of the board before resigning in late January.

These high payout companies differentiate themselves from their growth - oriented peers by electing to return earnings to shareholders in the form of quarterly income.

For a fund that elects to pass through its foreign taxes paid (a non-cash item), a shareholders allotted share of foreign taxes has been added to the Ordinary Dividend cash distributions received by the shareholder.

A corporation which has elected (by unanimous consent of its shareholders) under Subchapter S of the IRS code not to pay any corporate tax on its income.

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.

Day to day running of the club is of course the responsibility of the Board which is elected at the AGM by the shareholders (ie Stan Kroenke).

But he's like a trade union general secretary elected by the workers who faces a hostile executive or a company chairman constantly battling directors on the boardroom despite a mandate for reform from shareholders.

In all elections of directors, each shareholder shall have the right to vote the number of shares owned by him for as many persons as there are directors to be elected -LSB-...] and in deciding all other questions at meetings of shareholders, each shareholder shall be entitled to one vote on each share of stock held by him; -LSB-...]

A non-government for - profit corporation is owned by its shareholders, who elect a board of directors to direct the corporation and hire its managerial staff.

Please see below a link to the IRS Form 8621, «Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.»

Shareholders are entitled to one vote per share to elect board members, who oversee the major decisions made by the company's management.

Although beyond the scope of this article, the tax complexities can be mitigated by making a qualified electing fund election under Sec. 1295 on Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electielecting fund election under Sec. 1295 on Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified ElectingElecting Fund.

The QEF election is generally made on Form 8621 («Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund») on or before the due date, including extensions, for the income tax return with respect to the tax year to which the election relates.

Like Plan Maestro I don't think that preferred dividend will be reinstated anytime soon (why hold the special meeting requested by Indaba to elect a preferred shareholder director if the dividend was about to be reinstated?)

Company executives work for the shareholders, who are represented by an elected board of directors.

Listed below are select companies that have recently elected to raise their payout and yield by increasing their cash dividends to shareholders:

If a majority of the shareholders in interest of the Corporation present at the meeting and entitled to vote either in person OR by proxy, votes FOR the elections of the new Board of six directors named in the annexed Proxy Statement, by attending the meeting or by proxy by marking the appropriate space on the enclosed Proxy Card and by signing, dating and promptly returning the enclosed Proxy Card in the enclosed envelope, then such new Board shall be elected provided only the present Board has been removed.

If more than 50 % of the value of a Fund's total assets at the close of its taxable year consists of securities of foreign corporations, a Fund may be able to elect to «pass through» to a Fund's shareholders the amount of eligible foreign income and similar taxes paid by a Fund.

Under the terms of the merger agreement AVGN shareholders will have the right to elect to receive an amount currently estimated by AVGN's board at $ 1.24 per share in either cash or secured convertible notes to be issued by MNOV.

One problem identified by Icahn is complex «advance notice» requirements that enable companies to derail efforts to elect shareholder - nominated board members:

Avigen shareholders would be able to elect to receive this consideration in cash at closing or to receive a convertible security by which that cash consideration may be converted into MediciNova stock at a conversion price equal to the greater of $ 4.00 or a mutually agreeable volume - weighted average price of MediciNova common stock.

For any tax credit Build America Bond held by the fund, the fund may elect to pass through to its shareholders any tax credits from those bonds that otherwise would be allowed to the fund.

He was elected as a shareholder in 1997 and was appointed by the firm as Litigation Section Chair for 2014 - 2015.

Earlier this year, it began taking soundings on shareholder democracy issues, including proposals on whether to ban slate voting and mandate majority voting, which would ensure all directors are elected by a majority of voting shareholders, advisory votes on compensation, and the effectiveness of the proxy voting system.

In the event the Board of Directors or, where appropriate, the Leadership Team, votes to remove the Director from the Board of Directors of the REALTORS ® Information Network, the President or, if the President is unable or unwilling to act, the President - Elect, shall act forthwith to remove that Director, including, if necessary, calling a special meeting of the shareholder and voting the shares owned or controlled by the National Association in accordance with the instructions of the Board of Directors or Leadership Team.

If the vote of the shareholder is without instruction from the Board of Directors, any matter to be considered by the shareholder shall be submitted to the Leadership Team, which shall determine how the President or President - Elect shall vote the shares owned or controlled by the National Association, provided however, that any shareholder vote regarding items set forth in Article II, Section 6 of the bylaws of the REALTORS ® Information Network, Inc..

As required by the shareholders meetings and proxy solicitation rules in the TSX Company Manual, Brookfield Residential Properties Inc. (BRP: NYSE / TSX)(«Brookfield Residential») announced today that at the company's annual meeting of shareholders held on May 1, 2014 all eight nominees proposed for election to the board of directors by holders of Common Shares were elected.

Because of the high degree of liquidity of Simon stock — we expect New Simon's average daily trading volume to be more than $ 350 million — shareholders of any size can elect to exit at the time of their choosing by simply selling their shares in the open market.