Sentences with phrase «of shareholder support»

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.

September 9, 2014 David Winters discusses the lack of shareholder support for The Coca - Cola Company's 2014 equity plan with Andrew Ross Sorkin for the New York Times article, «Support in Coca - Cola Vote Depends on How the Math Is Done.»

Magna International Inc. chairman Mike Harris received only a minority of shareholder support for his re-election earlier this year but remained on the company's board, according to new disclosure prompted by a rare shareholder lawsuit.

After receiving such a low level of shareholder support on the proposals, in 2014, Li & Fung reduced the proposed issuance size from 20 % to 10 %.

Our review of a company's practices also takes into consideration the compensation committee's response to previous say - on - pay votes and the level of shareholder support.

Thirty - two percent of shareholders supported the split in roles, down significantly from last year's tally of 40 percent on the same issue, a reversal that will emboldened companies that still embrace having one person serve in the chairman and chief executive roles.

«Santos is a great company with great people and assets,» Mr Shi told shareholders before a vote, which saw 94.5 per cent of shareholders support him as a director.

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.

Not exact matches

Wesfarmers shareholders have delivered a mild rebuke to their board of directors, delivering a protest vote against a new share options scheme but supporting the company's remuneration report.

Calls on executives to use capital more constructively could yet have a bearing on a number of deals in the pipeline, particularly if shareholders withdraw support in favour of more organic investment, the investors said.

I am committed to our employees, customers, and shareholders, and I am very proud of our work in support of American manufacturing — from designing, manufacturing and selling outstanding trucks, crossovers and cars in the U.S. to advancing safer, simpler and sustainable transportation solutions for the future.

Time and again the Works Council, or Betriebsrat, which holds eight of VW's 20 board seats, has played a decisive role, mobilizing the support of the state government to get its way over the interests of private shareholders.

As such, Proposal # 2 has the support of many of our shareholders,» the company said in a statement last week.

Shares in Mungana Gold Mines rose by more than 25 per cent after the company announced it would move ahead with its North Queensland zinc strategy, following shareholder support for the $ 15 million acquisition of the Chilagoe base metal assets from the liquidators of Kagara, originally announced in December last year.

But for his proposal to be put forward for consideration by Dell shareholders, he must first succeed in having Michael Dell's offer voted down and then win enough shareholder support to replace the members of Dell's board with his own nominees.

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.

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.

«Not every decision is an economic decision,» Schultz said at the company's 2013 shareholders meeting, when a shareholder argued that Starbucks had lost customers because of its support of same - sex marriage.

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).

Broadcom has waged a solid effort to win support for its Qualcomm bid by reaching out to shareholders, says Stacy Rasgon of Bernstein Research.

Hudson's Bay said in a statement on Wednesday the company «believes that there is no merit to this appeal, particularly in light of the fact that written consent in support of the equity investment, from sophisticated long - term shareholders representing well over 50 percent of HBC's outstanding common shares.»

Northern Minerals Managing Director and CEO, George Bauk, said: «The support shown for the SPP exceeded our expectations, however we are grateful to so many of our shareholders for investing further in this great company.

We once again thank shareholders for their ongoing support as we move towards our target of first production in mid-2018.»

This not only boosts existing shareholder trust and support, but also shortens preparation time for new rounds, enables new investors to better assess historical results and leads to less of a need for future data points for validation.

SINGAPORE, April 16 - Singapore - listed Noble Group announced on Monday a «simplified structure» to its controversial $ 3.4 billion debt restructuring deal and said this had won the support of its founder and biggest shareholder, Richard Elman.

According to the related press release, the low level of support for these board members stems from «the voting recommendation of a major proxy advisory firm which recommended that its institutional shareholder clients withhold their vote in respect of these three directors.»

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.

On June 10 SoftBank increased its bid to $ 21.6 billion from $ 20.1 billion and raised the cash component of the deal for shareholders by $ 4.5 billion, trumping Dish's bid and gaining support from Sprint's second biggest shareholder Paulson & Co. which had previously said it preferred Dish's bid.

A small investor in Research In Motion Ltd.... is anticipating big support for a shareholder resolution calling on the BlackBerry maker to split the jobs of CEO and chairman.

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

The deal had «unanimous support» from Ainsworth's board of directions, and from its largest shareholder — Brookfield Asset Management.

Many of Shell and BG's big shareholders have voiced support for the deal but a slump in oil prices below $ 30 a barrel has raised concerns that Shell may be overpaying for the smaller rival.

Its board of directors is supporting the Loblaw takeover bid but the deal requires approval from at least two - thirds of the votes cast by QHR shareholders at a special meeting to be held in October.

Altria said in a statement that «a combination of these two companies would create significant value for all SABMiller shareholders,» and that «Altria supports a proposal of 42.15 pounds... and, subject to finalization of terms, would be prepared to elect the partial share alternative.»

«Coffee has no political allegiance, but Starbucks under Schultz's leadership has been unwavering in its support of liberal causes to the detriment of its brand and shareholder value,» Danhof, who is a shareholder, said in a statement prior to the meeting.

Sky - high paychecks and perks, supported by blind shareholders, re-enforce that sense of CEO exceptionalism, which only leads to more problems.

The company has long been accused of getting unwarranted support from governments while maintaining a management structure that's been criticized for failing to produce sufficient shareholder returns.

This win came alongside support for a range of other shareholder rights resolutions.

The Oracle of Omaha, a representative for Berkshire said, is «100 % in support of Mr. Moynihan and believes he is doing an outstanding job for Bank of America shareholders.»

Although the release doesn't mention it, while Tribune was becoming tronc, it was also taking a vote on a new slate of directors — a vote that Gannett attempted to influence by trying to convince shareholders to withhold their support, as a show of non-confidence.

Flaherty supports the proposal, arguing in an April letter to his G20 counterparts that embedded contingent capital would «force the costs of excessive risk - taking to be removed from taxpayers and placed on to the right people — shareholders and subordinated debt holders — thus improving market discipline.»

We thank our fellow shareholders for their continued support and look forward to sharing the details of our consent solicitation over the next few weeks.

White Tale, coupled with other Clariant shareholders who came out against the deal, left the Swiss company doubtful of mustering the two - thirds support necessary for the merger to go through.

As Weston holds approximately 63 % of Loblaw's common shares, Loblaw expects that the TSX will accept Weston's agreement to support the transaction as evidence of shareholder approval and not require Loblaw to hold a shareholder meeting.

George Weston Limited, Loblaw's controlling shareholder, has entered into a voting agreement in support of the transaction.

Supporting Statement: As long - term shareholders of Goldman Sachs, we support transparency and accountability in corporate political spending.

In accordance with SEC rules, we have set forth below a shareholder proposal, along with the supporting statement of the shareholder proponent, for which we and our Board accept no responsibility.

United for a Fair Economy conducts the Responsible Wealth Project, a network of over 750 business leaders, investors, and other wealthy individuals who work to build a fairer economy through shareholder activism, support for the living wage, and fair taxation work.

Members support their board of directors and executive management in matters such as board practices, compliance, regulation and legal matters, shareholder relations, and subsidiary management.

But the new world of an activist (or three) in every stock, and passive - shareholder support for and use of activists, makes these issues a lot more practically relevant.