Sentences with phrase «minimum ownership threshold»
TD Bank (along with the Royal Bank of Canada, which saw a similar proposal receive approximately 43 % support) were quick to point out that the proposed standards were incompatible with the existing proxy access rights provided under the Canadian Bank Act («Bank Act»), which stipulates that the minimum ownership threshold required to utilize proxy access at any firm is 5 % of the total shares outstanding.
http://www.glasslewis.com/ Not exact matches
So there's a minimum threshold of ownership.