Sentences with phrase «non-binding shareholder vote»

In April 2007, Senator Barack Obama introduced the Shareholder Vote on Executive Compensation Act — also known as the «Say on Pay» Act — which requires that public companies submit executive pay plans to an annual non-binding shareholder vote.

Not exact matches

In an unprecedented move Wednesday, Exxon Mobil shareholders voted in favor of a non-binding proposal that they say will force the company to truly back the Paris climate agreement.

Walt Disney Co shareholders rejected an executive compensation plan that could reward Chief Executive Officer Bob Iger with up to $ 48.5 million a year over four years plus an equity grant worth about $ 100 million, in a non-binding vote on Thursday.

The affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of E&Y as Walmart's independent accountants for fiscal 2014; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Management Incentive Plan, as amended; and (iv) the adoption of each of the shareholder proposals.

Unless you indicate otherwise, the persons named as proxies on the proxy card will vote your Shares: FOR the election of each of the nominees for director named in this proxy statement; FOR the ratification of E&Y as Walmart's independent accountants for fiscal 2014; FOR the non-binding advisory resolution to approve the compensation of the company's NEOs; FOR the approval of the Management Incentive Plan, as amended; and AGAINST each of the shareholder proposals appearing in this proxy statement.

Under the NYSE rules for member organizations: (i) the election of directors; (ii) the non-binding advisory vote to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) each of the shareholder proposals described in this proxy statement are not matters on which a broker may vote without your instructions.

At any meeting at which a quorum has been established, the affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of EY as Walmart's independent accountants for fiscal 2016; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) the adoption of each of the shareholder proposals.

The deal is non-binding and will come down to a vote by Tesla shareholders to purchase SolarCity, scheduled for November.

A primary tool of nuisance shareholders is the submission of non-binding precatory (advisory) proposals for discussion and vote at annual meetings of shareholders.

As long as the non-binding proposal meets a list of qualifications and gets approval from the SEC, it has to be placed on the company's proxy statement and voted on during the next shareholder meeting.

At more than 90 companies, investors and public pension funds that control more than $ 1trn (# 503bn) in shares have filed proposals calling for a non-binding vote for shareholders on executive pay, according to Walden Asset Management.

Senator Hillary Rodham Clinton, who recently suspended her campaign for the Democratic nomination for President, has also introduced a bill that would give shareholders a non-binding vote on executives» pay packages.