The small but growing
number of shareholder votes on diversity proposals is on pace to match or exceed the record set last year, according to data compiled by ISS Analytics, which tracks proxies.
The small but growing
number of shareholder votes on diversity proposals is on pace to match or exceed the record set last year, according to data compiled by ISS Analytics,...
Not exact matches
Over the next week, the board will encourage the apparently large
number of shareholders that had not cast
votes to support the deal, said mergers expert Brian Quinn, an associate professor at Boston College Law School.
The power behind Fink's threat to enforce his views hinges, in part, on the standard
of one share, one
vote — that
shareholders»
voting power is based on the
number of shares they own in a given company rather than the
votes of entrenched founders or early investors.
Under applicable TSX rules, the transaction also requires the approval
of Loblaw
shareholders by majority
vote, as the
number of Loblaw common shares to be issued in the transaction exceeds 25 %
of the total
number of outstanding Loblaw common shares.
The company's management team usually
votes as proxy for a large
number of shareholders, because most
shareholders, especially if they only own a few shares, do not attend the annual meeting.
Last year, while
shareholders were generally supportive
of the 180 issuers in Canada who held say - on - pay
votes, rejecting just two proposals — Canadian Pacific Railway Ltd. (TSX: CP) and Crescent Point Energy Corp. (TSX: CPG)-- the
numbers are shifting.
Insiders point to issuers who have been quoted in the press making comments along the lines
of, «The proxy advisory firm is my
number one
shareholder because they control 50 per cent
of my
vote.»
If your Shares are held in the name
of a broker, bank, or other nominee and you want to
vote in person, you will need to obtain (and bring with you to the 2015 Annual
Shareholders» Meeting) a legal proxy from the record holder
of your Shares (who must have been the record holder
of your Shares as
of the close
of business on April 10, 2015) indicating that you were a beneficial owner
of Shares as
of the close
of business on April 10, 2015, as well as the
number of Shares
of which you were the beneficial owner on the record date, and appointing you as the record holder's proxy to
vote the Shares covered by that proxy at the 2015 Annual
Shareholders» Meeting.
Some charters in the latter category simply imposed a maximum
number of votes to which any individual
shareholder was entitled.
These charters also often imposed a cap on the
number of votes any one
shareholder could cast.
[2] Many charters went to the opposite extreme, providing for one
vote per
shareholder without regard to the
number of shares owned.
After 1819, however, most charters provided for one
vote per share, although approximately 40 percent
of the charters granted between 1819 and 1852 retained a maximum
number of votes per
shareholder.
Shareholders proposed that each
shareholder get a
vote equal to the
number of shares they own without any super
votes.
Apple Inc.
shareholders could make history next year by deciding whether the company should be forced to increase the
number of non-white executives and directors, with a
vote on a proposal the iPhone maker has tried to squelch.
These so - called «broker non-
votes» will be included in the calculation
of the
number of votes considered to be present at the meeting for purposes
of determining a quorum, but will not be considered in determining the
number of votes necessary for approval and will have no effect on the outcome
of the
vote for Directors, the advisory
vote on executive compensation, the amendment
of the Restated Certificate
of Incorporation and the
shareholder proposals.
In all elections
of directors, each
shareholder shall have the right to
vote the
number of shares owned by him for as many persons as there are directors to be elected -LSB-...] and in deciding all other questions at meetings
of shareholders, each
shareholder shall be entitled to one
vote on each share
of stock held by him; -LSB-...]
The company's management team usually
votes as proxy for a large
number of shareholders, because most
shareholders, especially if they only own a few shares, do not attend the annual meeting.
Shareholders function as direct decision makers, with the
number of votes equal to the
number of shares held.
The
number of «Withheld»
votes related to the re-election
of Chairman Tippie to the Board
of Directors over his past three re-elections seemed to reflect a deterioration
of support by outside
shareholders.
Even though it won a
shareholder vote to defeat Armoyan's proposals, Sherritt is putting a
number of them in place.
The bylaws
of the Trust provide that a majority
of shares entitled to
vote shall be a quorum for the transaction
of business at a
shareholders» meeting, except that where any provision
of law, or
of the Declaration
of Trust or
of the bylaws permits or requires that (1) holders
of any series shall
vote as a series, then a majority
of the aggregate
number of shares
of that series entitled to
vote shall be necessary to constitute a quorum for the transaction
of business by that series, or (2) holders
of any class shall
vote as a
In accordance with the decision by the Annual General Meeting, the members
of the nominating committee
of Paradox Interactive AB (publ) should be appointed by the three
shareholders controlling the largest
number of votes in Paradox Interactive AB (publ) at September 30, which desire to appoint a representative.
Starbucks leadership urged its
shareholders to
vote «no» on the proposal, despite the proposal being supported by a significant
number of shareholders, according to As You Sow.