Sentences with phrase «majority shareholder support»

Not exact matches

Kalanick had good reason to think he could count on the support of Uber's shareholders: He owns the biggest individual stake and controls a majority of the super-voting shares, making his grip on the board of directors difficult to loosen.

The challenge claimed that a majority of shareholders did not support the authorization, at the 2013 annual meeting, of an increase in the number of shares used to reward Souki and other executives; the very increase that made Souki the highest paid CEO in America (he received 6.3 million shares in February 2013).

But Harris and the other directors involved didn't make a recommendation for or against the deal, which was supported by a majority of shareholders.

He added that he thinks «the vast majority of the company's employees, shareholders, analysts, and other stakeholders» would support replacing Green with Harrison.

Research indicates, for instance, that companies with majority (rather than plurality) voting for directors are more apt to adopt shareholder proposals that garner majority support, and that many chief financial officers are willing to forgo investments in projects expected to be profitable in the longer term in order to meet analysts» quarterly earnings estimates.

This comes a year after a shareholder proposal seeking an assessment of the long term impacts on the company's portfolio of public policies received near - majority support.

The Board believes that it is the responsibility of any person putting a proposal forward for shareholders to approve — regardless of whether the Company or a shareholder proponent — to persuade shareholders owning a majority of the shares that vote to support the proposal.

At last year's annual meeting, the company's advisory vote on executive compensation failed to receive majority support from shareholders, with approximately 29 % of shareholders supporting the proposal; however this was just one of the issues the company faced in the past year.

Whereas the current Code merely calls for a statement to be published on the company's website in response to shareholder concerns when a say - on - pay fails to receive majority support, the Senate's amendment would require companies to prepare and present a report at the next general meeting detailing how it took the shareholder vote into consideration.

Similar proposals, also called «Aiming for A,» received well over majority support at a handful of European companies where they were submitted in 2015, due in large part to the fact that in each case the board recommended shareholders vote in favor.

Shareholder proposals on pay equity at Alphabet (née Google) and Facebook are unlikely to gain majority support, but may nonetheless mark a turning point on gender inequality within the tech sector.

While many corporations have adopted policies that would require a director to receive support of the majority of shareholders to be elected, most corporations — particularly those not in the S&P 500 — have not.

If a candidate is unable to convince shareholders of his or her merit, the candidate would be replaced by a director who is supported by the majority.

In other words, shareholders would follow a common procedure to vote «for» or «against» a candidate, and only those candidates who receive majority support would serve as directors.

-- Davidoff presumes that a shareholder proposal is successful only if it receives majority support from shareholders.

Glanbia had agreed in April to sell its Irish dairy business to its majority shareholder Glanbia Co-operative Society for about $ 343m but the proposals narrowly failed to garner enough support from the membership.

I don't have a problem with the fans supporting the club... I have a problem with the board / Majority shareholder.

«What is now of paramount importance is that he receives the full support of the Board and majority shareholder.

On a tangent Jon my son (he's 4) asked me why he should support Arsenal, I said «well because I do, you're granddad does and your great granddad did» I was going to say its because of the values and principles that our club has but then I stopped myself because I have no idea what they are anymore other than paying a has been manager and over hyped players a fortune for non achievement while being owned by a majority shareholder that has no interest in the club other than as a business and having a board that view the fans as the gift that keeps on giving.

The stated aim of winning all competions we are involved in is to maintain fan and player support, the majority shareholder has told us that this is not true.

This comes, as The Times reports, Wenger's lost the support of many Board members and executives and is counting on a continued warm relationship with majority shareholder Stan Kroenke - the man who overruled his CEO, Ivan Gazidis, last summer and extended his manager's contract another two years.

Sterling Capital Management argued in a May 2008 letter that the failure of nominated directors at ACL's Annual Meeting of Stockholders to receive a majority of the shareholder vote in support of their re-election demonstrated shareholders» «discontent with the failure of the Board to fully engage SHI in negotiations that could ultimately lead to a transaction that fairly values our company.»

Noting the breadth of shareholder support I have received to date, I believe this perspective is shared by a substantial majority of Argo's external shareholder base, and I expect this letter will attract new support.

The boards of Royal Dutch Shell and BP decided to support similar resolutions last year that were carried by strong shareholder majorities.

The 62 % support received at the 2017 Exxon AGM for a climate change disclosure resolution demonstrates that the majority of major shareholders back this effort, and have integrated it into their governance approach.

Moreover, the resolution was precatory, meaning that the company was not obligated to implement it even if it received the support of the majority of shareholders.

With Gloucester Rugby's future now in the hands of sole owner Martin St Quinton, Harrison Clark Rickerbys supported the sale by acting for the majority shareholder Try Investment Services.

GfK has been informed that GfK's majority shareholder GfK Verein and KKR intend to jointly support GfK's further strategic transformation and pave the way for sustainable profitable growth and that they have entered into a shareholder agreement and a non-tender provision pursuant to which GfK Verein will not tender any shares and will remain the majority shareholder of GfK with a stake of 56.46 percent.