Sentences with phrase «proxy access right»

However, some proponents do not believe the proxy access right goes far enough and a shareholder submitted proxy access proposal is on the ballot for the upcoming meeting.

TD Bank (along with the Royal Bank of Canada, which saw a similar proposal receive approximately 43 % support) were quick to point out that the proposed standards were incompatible with the existing proxy access rights provided under the Canadian Bank Act («Bank Act»), which stipulates that the minimum ownership threshold required to utilize proxy access at any firm is 5 % of the total shares outstanding.

Under the proposal, shareholders owning 3 % of TD Bank's shares continuously for three 3 years would be allowed to nominate up to 25 % of the board, similar to the standard proxy access rights south of the border.

Shareholders of the Toronto - Dominion Bank («TD Bank») and the Royal Bank of Canada («RBC») voted in the last few weeks on shareholder proposals made to confer additional proxy access rights to shareholders in the nomination of directors to the respective... Continue Reading

In 2018, Glass Lewis will examine the regulatory landscape within Canada to assess whether existing proxy access rights are sufficient or preferable over US - style proxy access rights.

In situations where, in Glass Lewis» opinion, the existing laws, policies or regulations either provide shareholders with adequate proxy access rights or would prohibit a company's adoption of the requested provision, it will recommend that shareholders vote against such US - style proposals.

Not exact matches

While no new directors have been nominated, shareholders who've owned 3 % or more of the company's outstanding shares continuously for three years did win the right — widely known as proxy access — to nominate board directors at this year's annual meeting.

The Company also elected to place two management proposals in direct opposition to shareholder proposals regarding proxy access and special meeting rights for shareholders.

Regulations proposed by the Texas State Legislature would mark a blow to shareholder rights, subjecting investors, proxy advisors and other shareholder support firms to unprecedented disclosure requirements, and potentially serving to reverse the recent expansion of proxy access.

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«Just as the push for proxy access — the shareholder right to nominate board members to be included in the company proxy — started with a trickle and overwhelmed management opposition, we may see the same tide turning against bosses on a 2 ˚C scenario analysis.

In so doing, Glass Lewis will continue to monitor how similar companies in the target company's market are responding to proxy access issues as well as any regulatory changes that may affect access rights.