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.
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.
New York Stock Exchange — June 6 David Einhorn's Greenlight Capital is
seeking shareholder support at GM's 2017 annual meeting for a proposal to split GM shares into two separate listed equities, dividend shares and capital appreciation shares.
Indeed, a majority of chief executives and business leaders polled for this magazine also think Ottawa should block a Potash Corp. sale, even
if shareholders support the acquisition.
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.
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 -LSB-...]
In the 13D filing the individual states his intent which is «As Aspen currently has no active business operations and a significant amount of liquid assets, (individual name) believes that there is
broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all the proceeds from the Sale and Aspen's additional liquid assets to Aspen's shareholders.
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.
The release of Magna annual meeting voting data shows former Ontario leader Mike Harris was named chairman
without shareholder support.
Nevertheless, it isn't hard to see why there is
little shareholder support for Mike Harris in his current role as Magna's chairman of the board.
But if it does (and it's likely given the
overwhelming shareholder support), the company would finally prove its support for the Paris agreement via actions and not just words.
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 %.
But, in light of
strong shareholder support for the proposals, both banks have subsequently joined in petitioning the Canadian Minister of Finance to amend the Bank Act to allow harmonization of Canadian and U.S. proxy access provisions.
Our M&A services also provides a level of deal insurance, as our services are geared to position the company with the greatest opportunity to gain and
maximize shareholder support for the transaction while eliminating possible errors on often overlooked logistical issues.
Even if they lose, I still support them because football is entertainment to me, as I'm not a shareholder
Founded in 1969, Realty Income provides dependable monthly dividends to
shareholders supported by revenue generated from over 5,300 commercial real estate properties across 49 states and Puerto Rico.
We also think it's unfortunate that investors might well speculate — noting the timing & structure of the deal, and EIIB's more than ample cash liquidity — this share issuance was simply a ploy by management to recruit
new shareholder support via these investment vehicles.
Record -
high shareholder support (over board opposition) for resolutions asking oil and gas companies to stress test their business models against a 2 °C - consistent climate outcome demonstrates that this is squarely a financial concern.
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.
General Motors Company New York Stock Exchange — June 6 David Einhorn's Greenlight Capital is
seeking shareholder support at GM's 2017 annual meeting -LSB-...]
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.
Because ICCR members and staff have been filing resolutions for over four decades, we have a great deal of expertise in how to write a strong shareholder proposal that will pass muster at the SEC and how to garner
shareholder support at the AGM.
As Aspen currently has no active business operations and a significant amount of liquid assets, Mr. Tombar believes that there is
broad shareholder support for the implementation of a plan of liquidation and distribution of substantially all of the proceeds from the Sale and Aspen's additional liquid assets to Aspen's stockholders.
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.
Exxon initially lobbied heavily against the proposal, with a vote last year garnering only 38 % of
shareholder support.
In addition,
shareholders supported the board - sponsored proposals to approve, on an advisory basis, the compensation of the company's named executive officers and to approve the Pfizer Inc..
None of the controversy surrounding Coke's pay policy here;
shareholder support for the company's pay policies rose from 89 % in 2013 to 95 % in 2014.
Despite the increasing number of proposals at public companies,
shareholder support for environmental, social, or political issues remains stubbornly low.
And if the U.S. suitor wins
shareholder support, Akzo's board will face enormous pressure to make the tie - up friendly.
In 2013, when Starbucks CEO Howard Schultz told
a shareholder his support for same - sex marriage was «not an economic decision,» it was described as «bold.»
Frustrated by its engagement with the incumbent board, Greenlight has determined to also seek
shareholder support to remove and replace three directors at the 2017 annual meeting, arguing that new perspective is needed to realize the intrinsic value of GM shares.
«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.
In 2015, a shareholder proposal submitted by UNITE HERE requesting that the board grant shareholders this right received 49.3 %
shareholder support.
Moreover, these proposals are increasingly resonating with voters: already this year, proposals at AES, Ameren and Marathon Petroleum received over 40 %
shareholder support.
But if it got a lot of
shareholder support, it would make it much harder for Allergan to remain independent.
Shareholder support was however limited to bite - sized deals, with investors understandably gun - shy of acquisitions, such as the company's $ 2.9 billion purchase of Beringer in the US 14 years ago when it was part of Foster's that has failed to book a decent return.
Your last paragraph hints at another reason that you didn't explicitly mention: if
the shareholders support green policies, they can vote for board members who support them too.