Sentences with phrase «of board resignation»

We can give you samples of board resignation letter templates if you want to know more information about the inclusions of a basic board resignation letter used in different industries.

We have various types of board resignation letter templates.

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Although Zuckerberg maintains voting control of the company, some are calling for Zuckerberg's resignation from one or both of his posts as CEO and chairman of the board.

Nomad Building Solutions» recently appointed non-executive director Heather Gardner has been promoted to chief executive officer, following a board shake - up that included the resignation of managing director Andrew Sturcke earlier in the month.

The activist fund recently came off a bitter proxy contest at restaurant group Buffalo Wild Wings, where it won three board seats and led to the resignation of CEO Sally Smith.

When HP tapped L?o Apotheker, the former CEO of SAP, Oracle's archrival in business - application programs, as its new commander - in - chief, Ellison charged HP with «[picking] a guy who was recently fired because he did such a bad job of running SAP,» and called for the board's immediate, «en masse» resignation.

The same day as Kalanick's letter, Uber board member David Bonderman announced his resignation after coming under fire for a sexist joke he made during the all - hands meeting to go over the results of an internal investigation surrounding sexual harassment and discrimination.

The company is without a CEO since the resignation of Kalanick, who remains on the board.

SINGAPORE, March 23 - Noble Group Ltd said this week's resignation of its founder Richard Elman was due to «amicable differences» with the board and a group of senior creditors who are negotiating a debt restructuring that is crucial for its survival.

Genish was co-opted by the board last September following the resignation of his predecessor, but his appointment has to be approved by shareholders to continue beyond the AGM.

I lean toward a system in which each new member of the board agrees to hand in their resignation every six to eight years, with the idea being that some directors will be asked to serve multiple terms it they are uniquely qualified to help the CEO and company build value, but most will be thanked for their service and move on after that time frame.

Their resignations await approval by the company's board of directors.

3) The only solution that will #SaveMissAmerica is resignation of all board members — who expressed «full confidence» in Haskell after reviewing his appalling emails, & have reportedly handed him a severance package.

His resignation follows that of Gwalia's board of directors, which included Western Power chief executive Neil Hamilton.

The new CEO, Leo Apotheker, with the aid of new director and chair Ray Lane, asked for directors to volunteer their resignation so that they could rebuild the board with directors that they both knew.

The incident also led to the resignation of vice president Joe Chernov and a pay cut for Halligan, «who knew about Volpe's actions but failed to bring the ethical violation to the board's attention in a timely fashion,» reports the Boston Globe.

The Company's Corporate Governance Guidelines require any director in an uncontested election who fails to receive over 50 % of the votes cast «for» his or her election to tender his or her resignation to the board within five days of the election.

Don Thompson's resignation comes amid a string of CEO departures that puts on full display the growing power of corporate boards.

If my proxy solicitation results in Mr. Hagenbuch's failure to receive over 50 % of the votes cast for his election, then I believe the failure of the board to accept his resignation would be an egregious violation of proper corporate governance and in direct opposition to a clear shareholder directive.

For a time CBS, which after the board resignations had four independent directors out of eight total, was not in compliance with New York Stock Exchange regulations that require a majority of independent board members.

Third Point also pushed for and received the resignation of five Yahoo board members, criticizing their leadership for failing to show any indication of a turnaround for the grunge - era search engine provider.

(The circumstances of board member David Bonderman's resignation even hint at a degree of indulgence for the cultural concerns.)

Also, if a majority of the Board is comprised of persons other than (i) persons for whose election proxies were solicited by the Board; or (ii) persons who were appointed by the Board to fill vacancies caused by death or resignation or to fill newly - created directorships («Board Change»), unless the Committee or Board determines otherwise prior to such Board Change, then participants immediately prior to the Board Change who cease to be employees or non-employee directors within six months after such Board Change for any reason other than death or permanent disability generally have their (i) options and stock appreciation rights become immediately exercisable and to the extent not canceled or cashed out, generally have at least six months to exercise such awards; (ii) restrictions with respect to restricted stock and RSRs lapse and generally shares are delivered; and (iii) performance shares and performance units pay out pro rata based on performance through the end of the last calendar quarter before the time the participant ceased to be an employee.

In the letter, in addition to Mr. Kalanick's immediate resignation, the five shareholders asked for improved oversight of the company's board by filling two of three empty board seats with «truly independent directors.»

Uber is in the midst of navigating a major upheaval, with Tuesday's resignation of its CEO Travis Kalanick and the shuffling of key board members, but this lawsuit could prove to be the company's biggest threat.

Any incumbent director who is a director nominee and who does not receive a majority vote must promptly tender his or her offer of resignation as a director for consideration by the Board.

The Board must accept or reject such resignation within 90 days following certification of the shareholder vote in accordance with the procedures established by the Bylaws.

The sudden resignation of eight Vivendi - backed directors triggers a full board reshuffle at the Italian telecom.

Kalanick would later name himself to one of those seats following his resignation, since his prior board seat was reserved for the company's CEO.

A statement issue by the board as a whole called Kalanick's resignation «a bold decision and a sign of his devotion and love for Uber.»

2016.03.10 J. Pedro Reinhard resigns from Royal Bank of Canada Board Royal Bank of Canada (RY on TSX and NYSE) announced today that J. Pedro Reinhard has tendered his resignation from the Board of Directors...

«I am afraid that I have lost confidence in the ability» of the Bumi board, Rothschild, 41, wrote in his resignation letter, adding «It is a matter of great regret for me that I was a party, with our advisers, to bringing the Bakries to London.»

At a press conference held after the board meeting, Mr. Suzuki announced his resignation, citing no confidence from some of the inside directors and the non-director honorary chairman, Masatoshi Itoh, who is also the founding family member and who holds approximately 10 % of the Company's outstanding ordinary shares.

It took Uber's board nearly 70 days to settle on a new CEO after the resignation of its co-founder and previous CEO Travis Kalanick.

In the intervening months, the president of the Tezos Foundation, Johann Gevers, tendered his resignation and several new faces were added to the Swiss organization's board.

It also plans to introduce a majority voting policy in 2012, which would require directors to offer their resignations to the board if they fail to garner a majority of «for» votes in annual shareholder elections.

Most notably, he is requesting that the company: (i) immediately cancel its proxy access policy; (ii) immediately implement a proxy access bylaw; (iii) that the chair of the board immediately resign; (iv) that there be a complete change of directors in the governance committee over the next year; and (v) that any director or officer refusing to act in accordance with the 2018 shareholder proposal immediately submit their resignation.

Treasurer Scott Morrison said he expects more resignations from the bank the said the report should serve as a wake - up call for executives and board members of other banks and called for it to be read by every board in the nation.

But the broker, which has a target price of $ 7.80 on the stock, said his resignation from the board «needs explanation».

majority of the members of the Governance Committee received a Majority Withheld Vote at the same election, then the independent directors who did not receive a Majority Withheld Vote shall appoint a committee among themselves to consider any resignation offers and recommend to the Board whether to accept such resignation offers.

Mr Bernard, who also serves as the President of the Council of Churches of the City of New York, said he submitted his letter of formal resignation on Tuesday after stepping away «quietly» from the Board «several months ago».

In a statement, the church's board of overseers accepted his resignation, but emphasized that they had not asked Driscoll to resign and were surprised to receive his letter.

That investigation led to Gothard's resignation; however, the IBLP board of directors later found that Gothard had acted inappropriately but not criminally, and it critiqued the women's attorney for «us [ing] the media to propagate false and misleading statements» against current IBLP leaders.

Meanwhile co-operative Murray Goulbourn is in disarray after the resignation of its chief executive and three board directors.

Following the resignation of more board members this week, it is becoming an increasingly difficult job at Villa Park for all concerned as the threat of spiralling down the divisions could become a real risk if big decisions aren't made sooner rather than later.

Such a position has allowed Wenger to remain uncriticised by members of the board for so long and it's the reason as to why he will never be fired, but rather have to offer his resignation in order to leave the Emirates.

King promptly tendered his resignation, which just as promptly was rejected by a 17 - 0 vote of the USAC board members present.

The resignation of Chelsea's first ever player - manager, Jacky Robertson, was accepted by the board 110 years ago this weekend.

Wheaton Park District Executive Director Robert G. Robinson abruptly announced his resignation at Wednesday night's board meeting and will return to Colorado because of family issues.

The St. Charles park board president cited a misunderstanding in explaining why the district sent out a press release that inaccurately described the departure of the parks director as a retirement due to his being «fully vested» in his pension, rather than as a resignation.