Sentences with phrase «shareholders against their interest»
Thus, management has to balance out their interest as shareholders against their interest as managers receiving a fee.
https://longtermvalue.wordpress.com/ Not exact matches
My buddy Jim Kane with Retailer Web Services recently made an interesting observation about public companies: He noted founders waste an embarrassing amount of shareholder cash trying to save or slowly wind down companies instead of shuttering operations when it's clear the odds have turned against them.
Weighing shareholders» expressed preferences against its fiduciary duty to act in the long - term best interest of the Company, the Committee recommended, and the Board has concluded, that the continuity and quality of leadership that results from a classified board contributes to long - term shareholder value and is in the best interests of the Company and its shareholders.
CDC's stake and dominance of the board would seem to preclude any outcome against their interests, but their brazen disregard for other shareholders could act as mobilising force for a resistance.
«Without disclosure, there is no way to know whether corporate funds are being used in ways that go against shareholder interests,» DiNapoli said in astatement releasedlast Thursday.
Aleph Investments generally will vote against proposals to move the company to another state less favorable to shareholders interests, or to restructure classes of stock in such a way as to benefit one class of shareholders at the expense of another, such as dual classes (A and B shares) of stock.
Proxies shall be voted in the best interests of shareholders, with an emphasis on voting against any management proposals that act in general to insulate companies from the discipline of the market or accountability to shareholders.
Pursuant to the Plan, the Company is also authorized to dispose of its remaining non-cash assets, on such terms and at such prices as the Company's board of directors, without further shareholder approval, may determine to be in the best interests of the Company and its shareholders, to pay or make reasonable provision to pay all claims against and obligations of the Company, to make such provisions as will be reasonably likely to be sufficient to provide compensation for any claim against the Company which is the subject of a pending action, suit or proceeding to which the Company is a party, to distribute on a pro rata basis to the shareholders of the Company the remaining assets of the Company, and, subject to statutory limitations, to take all other actions necessary to wind up and liquidate the Company's business and affairs.
Furthermore, I believe a case can be made against VXGN for not acting in the best interest of their shareholders.
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.
CSIM generally votes against Poison Pills that do not have safeguards to protect shareholder interests.
We also believe that any delay in this proposed transaction works against the interest of Take - Two's shareholders, because:
Of course these factors are all against the interest of the entire company and they would ultimately harm the interest of our shareholders, so we appreciate your understanding in this respect.
Unless these disincentives are addressed, utility investments in customer energy efficiency programs work against their shareholders» interests...
The claimants then commenced proceedings against D alleging that, by demanding payment for the further strip, D had acted in breach of a shareholders» agreement requiring each party to use his best endeavours to promote BHL's interests.
Cullen subsequently discovered that D1 had taken a personal interest in the German Opportunity and brought proceedings in its own capacity against D1 for breach of the shareholders» agreement and by way of a derivative claim against D1 and D2 for breaches of their directors» duties.
While a significant part of his practice is dedicated to defending lawyers, financial advisors and insurance producers against malpractice claims, he also devotes considerable time advising lawyers and law firms on their ethical obligations and risk management tools, acting as outside general counsel to several of Chicago's many condominium associations, and representing the interests of family members and shareholders in disputes that arise within closely - held corporations... read full bio.
While a significant part of his practice is dedicated to defending lawyers, financial advisors and insurance producers against malpractice claims, he also devotes considerable time advising lawyers and law firms on their ethical obligations and risk management tools, acting as outside general counsel to several of Chicago's many condominium associations, and representing the interests of family members and shareholders in disputes that arise within closely - held corporations.
Since the shareholders had no definable legal interest in the Property (it was owned by the land trust), plaintiff couldn't assert a constructive trust against the Property foreclosure sale proceeds.
The oppression remedy can be used to protect the interests of shareholders, directors, officers or creditors against the acts of other shareholders, the board of directors or other affiliates of the corporation.
In recent cases, access has been granted to shareholders of a company under investigation who are interested in assessing potential civil claims against the company.