The advisory firm says Cation has put forward a «reasonably compelling case»
for board change to allow better capital allocation decisions, enhance profitability and ensure appropriate alignment of executive compensation.
[/ b] In 54 per cent of all board - related contests, dissidents were successful in their public campaign
for board change.
REM: After seven years as Vancouver's executive officer, have your goals
for this board changed very much?
Not exact matches
«Jaguar considers it highly unlikely that the
Board will cause a
change in leadership or a
change in strategic focus, unless Ms. Stymiest and Mr. Martin push
for dramatic
change,» the release stated.
«Creating an advisory
board was a game -
changing move
for us because it gave us credibility in our industry.
Former Speaker of the House John Boehner joined a
board of advisors
for cannabis company Acreage Holdings earlier this month after
changing his own views on cannabis.
On partisan lines, the National Labor Relations
Board this week
changed the way it defines a joint employer, essentially holding large franchises like McDonald's responsible
for the employees that work
for individual franchisees.
On the agenda are proposals by new Chief Executive Officer Dara Khosrowshahi to
change requirements
for board seats and to overhaul the shareholder voting structure.
Critics complain «say on pay» votes are ineffectual because
boards aren't bound to the results, but of the 53 U.S. companies
for whom shareholders rejected compensation plans in 2012, 45 made
changes and got positive votes the following year, according to Institutional Shareholder Services.
Half of the
board of Southern Cross Electrical Engineering has walked off the job, including chairman John Cooper, after it flagged a
change in direction, a number of redundancies and cost - saving initiatives in response to the tough climate
for local contractors.
The heightened pressure could force Dimon to push in the short - term
for significant
changes to the
board.
In an open letter to Uber's investors and
board, the Kapors blasted Uber
for ignoring the work some of its investors have tried to do behind the scenes
for years to
change the company culture.
He thinks the CP
board is holding up necessary
changes, and
for unsound reasons.
US - focused oil and gas exploration company Target Energy has announced plans
for a $ 3.6 million capital raising, a farm - in agreement
for a project in South Texas and
changes to its
board.
There may be other reasons
for the
board's reluctance, one being that
change could come at the expense of safety.
As such, there is little need
for marketing beyond mouth - watering menu
boards and frequently
changing specials.
The CtW Investment Group has called
for changes in Tesla and SolarCity's governance given there's only one person on SolarCity's
board who isn't tied to Tesla.
Whole Foods hired the advisory firm Evercore Partners earlier this year to defend itself from pressure by activist shareholder Jana Partners, which announced in April it had amassed an 8.3 percent stake and pushed
for changes to the Whole Foods
board of directors.
From Mylan allegedly overcharging the government
for life - saving drugs to the
board overpaying top executives, it's clear why share owners are demanding
change.»
May also called
for big
changes to who sits on
boards so that they include employees, as is the case in some European countries: «In practice, [
board members] are drawn from the same, narrow social and professional circles as the executive team and — as we have seen time and time again — the scrutiny they provide is just not good enough.
Arby's restaurant owner Roark Capital Group will buy Buffalo Wild Wings
for $ 2.4 billion, months after an activist investor won seats on the chicken wing restaurant's
board following a proxy fight demanding management
change.
For example, a
board can affect
changes by influencing them and can effect
changes by directly implementing them.
In exchange
for what is generally the lowest fares on
board, passengers give up perks that used to be free, such as seat selection, flight -
changes and in United and American's case, use of overhead bins.
There have been numerous times when Musk's endeavors would have benefited by having more capital, yet he has resisted the urge to take SpaceX public because the
board of directors of a publicly - held firm would undoubtedly force him to make
changes in the company that would improve its profitability at the expense of its chances
for reaching Mars.
By making this
change for all new directors, it side - steps the issue of those already on the
board, making it easier to implement on a go forward basis.
The activist fund has since then built up a 9 percent stake and is asking
for changes at the
board at a shareholders vote on April 24.
«The room,
board, books and laundry figures are based upon the rates which prevailed during the past academic year, and can be accepted as applicable
for the year 1950 - 1951 unless national economic
changes require their alteration,» according to the bulletin.
A spokesperson
for Sanofi could not provide any information on what might have
changed over the course of those two days (beyond the statements the
board provided).
The
change had been a long time in the making — starting abruptly on a day in September 2006, when Jim Cornelius flew to New York City from his Indianapolis home
for a meeting of Bristol's
board of directors.
When listing standards
changed in the wake of Sarbanes - Oxley,
board members who complained publicly about the proposals were happy
for the cover the requirements gave them to meet without executives present.
The vision
board or journal simply acts as a catalyst
for change.
As
for the
board restructuring, the company told the Times that it had made the
change in July, long before the recent unfavorable media coverage.
As a team, they represent a strong and cohesive
board, linked together by shared beliefs and the BiiCast vision of
changing lives
for the better on both sides of the coin.
The company said Tuesday that it «considers a further development of the management structure of the group» and that «this could include a
change in the position of the chairman of the
board of management,» the German term
for CEO.
Ikea said the
board changes formed part of a «generational shift that has been prepared
for and ongoing
for some years», while the man whose initials form half of the company he founded in 1943 insisted he had no intention of shying away.
This
changed their interest from managing your
board for their liquidity to managing the
board for all shareholders.
In addition, these provisions may make it difficult and expensive
for a third party to pursue a tender offer,
change in control or takeover attempt that is opposed by the Principal Stockholders, our management or our
Board of Directors.
On Monday the Florida High School Athletic Association «s
board of directors announced the approval of an overtime procedure
change that goes into effect
for the 2018 - 19 season.
While the Financial Times reported Tuesday that BuzzFeed had cut its 2016 revenue goals in half, from $ 500 million to $ 250 million, Lerer says the company's
board hasn't
changed its forecast
for this year.
The GNC generally recommends
changes in director compensation to the
Board for its approval every two years, based on its review of competitive pay data
for non-employee directors of financial services companies in the Company's Peer Group.
The recommendations to
change Uber's culture consisted of 10 main categories aimed at creating accountability
for Uber's senior management, enhancing the
board's oversight and revamping the company's internal controls.
Also, if a majority of the
Board is comprised of persons other than (i) persons
for whose election proxies were solicited by the
Board; or (ii) persons who were appointed by the
Board to fill vacancies caused by death or resignation or to fill newly - created directorships («
Board Change»), unless the Committee or
Board determines otherwise prior to such
Board Change, then participants immediately prior to the
Board Change who cease to be employees or non-employee directors within six months after such
Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii) performance shares and performance units pay out pro rata based on performance through the end of the last calendar quarter before the time the participant ceased to be an employee.
I believe that organisations have not seen a clear business case
for change but the work we have done articulates the advantages of diverse
boards in a language that businesses will understand.
Earlier today the Greater Vancouver
Board of Trade made its formal submission to government regarding proposed tax
changes for controlled private corporations.
After reviewing the revised peer group director compensation data in June 2009, the committee 1) set pay
for the new non-executive Chairman of the
Board, 2) increased the value of the annual equity award from $ 145,000 to $ 175,000, since the previous level of compensation was deemed below the market median, and 3)
changed the equity grant vehicle from 100 % restricted stock units (RSUs) to 50 % RSUs and 50 % outperformance stock units (OSUs) in order to more closely align with the equity package that Intel executives receive.
For 2016, the independent members of the
Board made no
change to Mrs. Rometty's base salary, target annual incentive or annual long - term incentive award value, relative to 2015.
For 2016, the independent members of the
Board made no
change to Mrs. Rometty's base salary or target incentive.
Mr. Dorsey said that Twitter's
board was not seeking a
change in strategy or direction
for the company as it searched
for a new permanent leader.
The
Board believes that its current leadership structure, in which the positions of Chairman and Chief Executive Officer are held by Mr. Musk, together with a Lead Independent Director with broad authority, is appropriate at this time and provides the most effective leadership
for Tesla in a highly competitive and rapidly
changing technology industry.
Historically the GNC has recommended
changes in director compensation to the
Board for its approval every other year, based on its review of competitive pay data
for non-employee directors of the financial services companies in the Company's Peer Group.