There are concerns about potential conflict of interest
in vote recommendations, lack of transparency, undo influence and inaccurate assessments with inadequate review.
Not exact matches
While Carney said he was not making any
recommendation about how to
vote in the June 23 referendum, he gave a positive assessment of reform promises that Cameron extracted E.U. leaders ahead of the referendum.
Stakeholders
in Sirius Resources have shown their support for the proposed acquisition by Independence Group, with three
recommendations passing by an almost unanimous
vote.
According to the related press release, the low level of support for these board members stems from «the
voting recommendation of a major proxy advisory firm which recommended that its institutional shareholder clients withhold their
vote in respect of these three directors.»
«I fully support this transaction and the Board's decision to pursue it, and will
vote my shares
in accordance with their
recommendation on it.»
Politico reports that the
recommendations are also a nod to Republican donors who have told the GOP that they would like Iowa's conservative caucus voters conservative activists — like those who
vote in Iowa's caucuses — to have less of a say
in the nominating process.
The board released a statement on Friday that responded to Icahn's latest offer and reiterated its
recommendation to shareholders that they
vote in favor of the $ 13.65 per share offer.
At the time, he agreed to follow the credit - card issuer's
recommendations in voting company shares.
However, it is not necessary to mark any boxes if you wish to
vote in accordance with the Board of Directors»
recommendations;
in that case, merely sign, date and return the proxy card
in the enclosed envelope.
July 14, 2015 — CCGG's Executive Director Stephen Erlichman was quoted
in The Globe and Mail about a legal panel's
recommendations to amend the Ontario Business Corporations Act to require majority
voting for uncontested director elections and to remove Canadian residency requirements for directors.
If you
vote by proxy card or
voting instruction card and sign the card without giving specific instructions, your shares will be
voted in accordance with the
recommendations of the Board (FOR all of HP's nominees to the Board, FOR ratification of the appointment of HP's independent registered public accounting firm, FOR the approval of the compensation of HP's named executive officers, FOR the approval of an annual advisory
vote on executive compensation, FOR the Hewlett - Packard Company 2011 Employee Stock Purchase Plan and FOR the approval of an amendment to the Hewlett - Packard Company 2005 Pay - for - Results Plan to extend the term of the plan).
The
recommendation comes just a day after both the LSE and Maple sweetened their offers
in a bid to sway TMX shareholders, who are expected to
vote on the LSE deal on June 30.
Elsewhere
in governance, on Friday the Wall Street Journal endorsed Jamie Dimon's criticism of shareholders who lazily follow the
voting recommendations of Institutional Shareholder Services and Glass Lewis, and Nicholas Donatiello and Harvey Pitt argued that the Securities and Exchange Commission should regulate proxy
voting to reduce the influence, and conflicts of interest, of ISS and Glass Lewis.
The ISS
recommendation matches one from rival proxy advisory firm Glass Lewis, which —
in a
recommendation released before the latest enhancements to the two offers — also advised TMX shareholders to
vote for the LSE proposal.
PAs sharing their information and methodologies, especially
in cases where a PA firm will be issuing negative
recommendations that could play a significant factor
in an important
vote.
Shares that are properly
voted by the Internet or telephone or for which proxy cards are properly executed and returned will be
voted at the Annual Meeting
in accordance with the directions given or,
in the absence of directions, will be
voted in accordance with the Board's
recommendations as follows: «FOR» the election of each of the nominees to the Board named herein; «FOR» the ratification of the appointment of our independent auditors; «FOR» approval, on an advisory basis, of our executive compensation as described
in this Proxy Statement; and «AGAINST» the shareholder proposal.
«Issuers are saying that proxy advisers have inaccuracies
in their reports and,
in many cases, these wouldn't have been a problem if they had been given a chance to correct those inaccuracies before final
voting recommendations by the PAs were made,» says Patricia Koval, a partner with Torys LLP
in Toronto.
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.»)
Expert analysis, accurate data, and contextual
voting recommendations for all the companies
in your portfolio.
In addition to this core product line, RiskMetrics owned Institutional Shareholder Services Inc. (ISS), a pioneer in the development of policy - based proxy voting recommendation
In addition to this core product line, RiskMetrics owned Institutional Shareholder Services Inc. (ISS), a pioneer
in the development of policy - based proxy voting recommendation
in the development of policy - based proxy
voting recommendations.
More than 60 % of shareholders of one major energy company recently
voted — against management's
recommendation —
in favor of the company reporting on its climate progress.
Shares that are properly
voted via the Internet, mobile device, or by telephone or for which proxy cards are properly executed and returned will be
voted at the Annual Meeting
in accordance with the directions given or,
in the absence of directions, will be
voted in accordance with the Board's
recommendations as follows: «FOR» the election of each of the nominees to the Board named herein; «FOR» the ratification of the appointment of our independent auditors; «FOR» approval, on an advisory basis, of our executive compensation as described
in this Proxy Statement; and «AGAINST» each of the shareholder proposals.
You are encouraged to specify your choices by marking the appropriate boxes on the reverse side, but you need not mark any boxes if you wish to
vote in accordance with the Board of Directors»
recommendations.
Following discouraging market share losses
in fiscal 2017, shareholders
voted — against management's
recommendation — to add activist investor Nelson Peltz to the board of directors late last year.
This report focuses on
voting trends on director elections
in the United States and Canada, including discussion of failed directors, and Glass Lewis»
vote recommendations.
For more information and to learn how we provide institutional investors with expert analysis, accurate data and contextual proxy
voting recommendations for all the companies
in their portfolio, please visit the Proxy Research page.
Courteney Keatinge oversees Glass Lewis» research and
vote recommendations for shareholder proposals and covers research on major environmental and social issues
in all major markets.
Further,
in an effort to encourage transparency and responsiveness to AGM
voting, companies will need to explain what action has been taken to consult with shareholders when more than 20 % of
votes have been cast against the board's
recommendation.
In its release, Magna said the vote was «impacted» by the voting recommendation issued in April by ISS Proxy Advisory Services, which recommended shareholders withhold their votes for the three directors because of the way they handled the buyout deal with Mr. Stronac
In its release, Magna said the
vote was «impacted» by the
voting recommendation issued
in April by ISS Proxy Advisory Services, which recommended shareholders withhold their votes for the three directors because of the way they handled the buyout deal with Mr. Stronac
in April by ISS Proxy Advisory Services, which recommended shareholders withhold their
votes for the three directors because of the way they handled the buyout deal with Mr. Stronach.
Because the SEC's rules for resubmission of a failed proposal by a shareholder
in the next year's proxy statement require that the proposal have received up to 10 % of the
vote (depending on how many years it has been submitted), the significant
voting impact of an ISS
recommendation can empower a proponent to resubmit a proposal year after year, imposing costs on the company and creating waste and negative publicity to the detriment of the company and its shareholders.
Doyle said a negative
recommendation «can lead to a 25 percentage - point decrease»
in voting support.
Shares that are properly
voted via the Internet or by telephone or for which proxy cards are properly executed and returned will be
voted at the Annual Meeting
in accordance with the directions given or,
in the absence of directions, will be
voted in accordance with the Board's
recommendations as follows: «FOR» the election of each of the nominees to the Board named herein; «FOR» the ratification of the appointment of our independent auditors; and «AGAINST» the shareholder proposals.
Catherine King: Well, he certainly made a
recommendation based on the submissions that he had, but we've looked across internationally and the country, I've even visited and the UK and the European Union myself to look at what's happening over there and had a chat to them, and on the basis of what we've decided — and this is one position
in terms of the Food Regulatory Ministerial Council, we've got one
vote on that council — we don't wish to pursue traffic light labelling at this point.
The World Rugby Council will now meet on 15 November
in London to consider the
recommendation and
vote on the next host.
The Village Board is expected to
vote in favor of the Plan Commission's
recommendation.
The AIA Executive Board
voted in favor of implementing a
recommendation from the AIA Sports Medicine Advisory Committee (SMAC) that will limit contact during football practice
in the pre and regular seasons.
The committee presented its
recommendations to the park district Monday night, but only after the
vote to sue had already been taken
in closed session.
Baby food regulations: 6 - months
recommendation and less sugar Members of the European Parliament (MEPs)
voted on 19 January 2016 (393
votes in favour, 305
votes against) to reject draft EU rules on baby food, which would have allowed baby foods...
We conclude that the most effective and democratic way to decide who should be tasked with forming the next government
in such situations is a
vote in parliament to nominate the new Prime Minister,
in the form of a
recommendation to the Monarch.
However what makes it really interesting is that there is a convention that the trade unions will generally reflect the
recommendations of the NEC
in their conference delegate
voting patterns.
«If our
recommendations are
in there, you'll have a number of (yes)
votes,» Skelos said after they had what he described as a friendlier, brief meeting with Paterson later
in the day.
In a statement after the two - hour meeting, a spokesman for the leader said: «Shadow Cabinet agreed to back Jeremy Corbyn's recommendation of a free vote on the Government's proposal to authorise UK bombing in Syria.&raqu
In a statement after the two - hour meeting, a spokesman for the leader said: «Shadow Cabinet agreed to back Jeremy Corbyn's
recommendation of a free
vote on the Government's proposal to authorise UK bombing
in Syria.&raqu
in Syria.»
In his initial budget recommendation to lawmakers in January, Cuomo inserted several policy proposals, including ones to extend the statute of limitations on child molestation, authorize advance voting and eliminate cash bail requirements in low - level criminal case
In his initial budget
recommendation to lawmakers
in January, Cuomo inserted several policy proposals, including ones to extend the statute of limitations on child molestation, authorize advance voting and eliminate cash bail requirements in low - level criminal case
in January, Cuomo inserted several policy proposals, including ones to extend the statute of limitations on child molestation, authorize advance
voting and eliminate cash bail requirements
in low - level criminal case
in low - level criminal cases.
Based on the city's Universal Land Use Review Procedure (ULURP), the fate of the rezoning proposal is currently
in the hands of the CPC, following non-binding
votes and
recommendations from Community Board 12 and Manhattan Borough President Gale Brewer.
The Conservative leader said the
recommendations of the Senior Salaries Review Body should be set
in law and not be subject to a
vote and debate among MPs.
These
recommendations can be
voted on
in any election, either one specially called or
in conjunction with other statewide elections, and need only pass by a simple majority of those casting
votes.
Molinaro's
recommendations can be adopted either by the City Planning Commission when they consider the ULURP application
in the coming weeks, or by the City Council, when they have the final say on the ULURP at a
vote expected to happen
in November.
On Wed., July 22, New York's Wage Board
voted to approve a $ 15 minimum wage for fast - food workers
in chain restaurants.The state's acting labor commissioner, Mario Musolino, has 45 days to act on the wage board's
recommendation.
They come
in the aftermath of the Queens Borough Board's
recommendation on November 16 by a
vote of 12 - 2 to disapprove both the proposed ZQA and MIH zoning text amendments.
Murphy also said consolidation of the Onondaga County Sheriff's office and the Jamesville / Dewitt Jail was another Consensus
recommendation approved
in the shared services plan
vote.