Sentences with phrase «recommended shareholders support»
Not exact matches
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.»
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Similar proposals, also called «Aiming for A,» received well over majority support at a handful of European companies where they were submitted in 2015, due in large part to the fact that in each case the board recommended shareholders vote in favor.
In 2014, for example, shareholder proposals related to social and political issues received average support of 29 % with ISS's support, and only 5 % if ISS recommended against.
AWE on Monday withdrew its support for Mineral Resources» bid and recommended shareholders accept Mitsui's all cash offer of A$ 0.95 a share after Mineral Resources did not match Mitsui's offer by a February 2 deadline.
Institutional Shareholder Services recommended Facebook investors withhold support from five directors including Chief Executive Mark Zuckerberg.
Despite their prior support for a buyback, the board stated the buyback resolution «as drafted is not in the best interests of the Company and its shareholders», and recommended (without further explanation) that shareholders vote against it.