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.
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.
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 %.
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.
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.»
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.
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.