Sentences with phrase «shareholders of both companies vote»

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.

Almost two thirds of ExxonMobil shareholders voted in favour of a motion asking the company to report on the impacts of climate change.

Under the proposed demerger, which is subject to regulatory approval and a shareholder vote in the first half of 2015, he said there would be benefits for both companies and all shareholders.

Critics complain «say on pay» votes are ineffectual because boards aren't bound to the results, but of the 53 U.S. companies for whom shareholders rejected compensation plans in 2012, 45 made changes and got positive votes the following year, according to Institutional Shareholder Services.

The creditors of Atlas Iron have voted in favour of the iron ore miner's proposed debt - for - equity swap, with the fate of the scheme, and the company, now in the hands of shareholders who will vote next week.

IBM shareholders CalSTRS and The State Board of Administration for the Florida Retirement System (SBA FLA) each voted against Rommety's proposed pay package at the company's annual general meeting.

Tesla and SolarCity shareholders overwhelmingly voted in favor of merging the two companies in a $ 2.6 billion deal.

That proposal goes to a vote of shareholders at the company's annual meeting for other shareholders to weigh in on.

Nabors shareholders also sent a strong rebuke against the company's governance practices with a majority vote against one of its two director nominees, Myron M. Sheinfeld.

«The transaction is a necessary step towards TSLA's goal of being an integrated sustainable energy company,» said ISS, an influential proxy advisory firm that recommends votes for contested situations and deals to institutional shareholders.

In what is perhaps the company's most valuable public vote of confidence, Berkshire Hathaway CEO Warren Buffett called AmEx an «excellent business» with managers that are «talented and shareholder - oriented» in his 2016 annual report to shareholders.

Most of the time, shareholders vote against a company's pay package when the firm is performing poorly.

The power behind Fink's threat to enforce his views hinges, in part, on the standard of one share, one vote — that shareholders» voting power is based on the number of shares they own in a given company rather than the votes of entrenched founders or early investors.

«Instead of deposing him, the Dell board froze out shareholders, and last week voted to allow the CEO to buy the company at a bargain price using shareholders» own cash,» Icahn wrote.

Institutional Shareholder Services Inc. says in a report that investors should vote for Dallas Howe and Herbert Pinder, nominated by Cation Capital Inc., instead of Crescent Point nominees Rene Amirault and Mike Jackson at the company's annual meeting May 4.

Marriott International and Starwood Hotels shareholders on Friday voted in favor of a deal that will create the world's largest hotel company.

SolarCity shares were up more than 1 percent, and shares of Tesla Motors were up slightly after shareholders for the two companies voted Thursday to approve a merger.

They are asking for policies that most well run companies have adopted; things like majority vote standards, so directors are only elected to the board if a majority of shareholders want them there.

FORTUNE — We've seen companies like News Corp (NWS), Blackstone (BX), and LinkedIn (lnkd) chip away at shareholder rights by limiting the voting rights of shareholders.

«It is entirely possible for companies not to have a PSC (person of significant control), For example, 4 shareholders with 25 % of the shares each, and 25 percent of the voting rights, none of them is a PSC.»

While a board of directors has a duty to maximize shareholder value by running a fair sales process, the Murdochs own about 17 percent of Fox and control the company through voting shares.

VANCOUVER — Shareholders of Lululemon Athletica Inc. (Nasdaq: LULU) have re-elected two directors that the company's founder and largest shareholder Chip Wilson voted against in an apparent boardroom backlash, the latest controversy to come to light at the struggling yoga wear retailer.

It is more important than ever that investment managers vote their shares to ensure companies act in the interest of shareholders, Bogle told me.

After Herzer's lawsuit, value investor Mario Gabelli, the second - largest voting shareholder in Viacom, called for the media company to disclose the state of Redstone's mental competence.

In an unprecedented move Wednesday, Exxon Mobil shareholders voted in favor of a non-binding proposal that they say will force the company to truly back the Paris climate agreement.

Sixty - two percent of shareholders voted in favor of the proposal — a stunning defeat for the company formerly helmed by Trump's Secretary of State Rex Tillerson.

Nelson Peltz's Trian hosted a lunch for DuPont shareholders in advance of the company's proxy vote that could bring huge change to the chemical giant.

CDW is a one share, one vote company, unlike many tech companies including Facebook, Zynga, and Google, whose controlling shareholders make most of the decisions.

Fifty - two percent of shareholders voted against Disney's compensation plan for Iger and other executives, the company said at its annual shareholder meeting in Houston.

Of course, given that a similar proxy access proposal received 49.9 % of the vote last year, compared to this year's 57 %, company responsiveness to shareholder desires doesn't seem to be deeply ingraineOf course, given that a similar proxy access proposal received 49.9 % of the vote last year, compared to this year's 57 %, company responsiveness to shareholder desires doesn't seem to be deeply ingraineof the vote last year, compared to this year's 57 %, company responsiveness to shareholder desires doesn't seem to be deeply ingrained.

Mr. Redstone, 92 years old, is the controlling shareholder of Viacom and CBS Corp. with nearly 80 % voting stakes in each company.

The Committee has carefully considered whether to maintain the Company's current classified board structure, particularly in light of last year's shareholder vote.

As owners of a company, both common and preferred shareholders have voting rights related to the board of directors, ultimately influencing control over the company's activities and direction.

Depending on the type of stock purchased, a shareholder is also entitled to one vote per one stock on company management issues decided at the company's annual shareholder meeting.

One of the measures would require a shareholder vote before the company could issue a special class of stock.

The company's management team usually votes as proxy for a large number of shareholders, because most shareholders, especially if they only own a few shares, do not attend the annual meeting.

Yet Zuckerberg — who is not only Facebook's CEO, but also the chairman of its board and its majority voting shareholder — struggled to describe when his personal thinking about the company and its philosophy shifted.

Instead, the co-founders of Snap and existing private shareholders will retain all voting power in the newly public company.

Doing this we found a high correlation between the companies on our final list and those that received the highest level of opposition from shareholders voting on these pay packages at the annual meetings.

New rules will require CBCA companies — about 40 % of companies listed on the TSX — to hold an election for their entire board of directors annually, vote for each director individually and, most importantly, use uniquely crafted majority - voting rules that only let shareholders vote «no» or «yes» for a director, eliminating the use of «withhold» votes which is standard practice under existing TSX rules.

One of Walden's priority issues is Board diversity pursued through letters, company dialogues, shareholder resolution and proxy voting.

The firm, created for the sole purpose of lobbying Taseko to replace two directors and give it a say in key company decisions, had no choice: by the meeting's cut - off date for advanced voting, with 50 % of the votes in, shareholders had voted a resounding 94 % against the dissident's proposals.

The affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of E&Y as Walmart's independent accountants for fiscal 2014; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Management Incentive Plan, as amended; and (iv) the adoption of each of the shareholder proposals.

Unless you indicate otherwise, the persons named as proxies on the proxy card will vote your Shares: FOR the election of each of the nominees for director named in this proxy statement; FOR the ratification of E&Y as Walmart's independent accountants for fiscal 2014; FOR the non-binding advisory resolution to approve the compensation of the company's NEOs; FOR the approval of the Management Incentive Plan, as amended; and AGAINST each of the shareholder proposals appearing in this proxy statement.

Furthermore, the rules governing companies listed on the NYSE and incorporated under Delaware law require us to submit certain matters to a vote of shareholders for approval, such as mergers, large share issuances or similar transactions, and the approval of equity - based compensation plans.

Automatic Data Processing said shareholders voted to re-elect all 10 of the company's directors at its annual meeting on Nov. 7.

Our company has received notice of the intention of shareholders to present four separate proposals for voting at the 2013 Annual Shareholders&raqshareholders to present four separate proposals for voting at the 2013 Annual Shareholders&raqShareholders» Meeting.

These shares usually have less voting rights than the Class A Shares, which are the preferred share by most investors, although the company or corporation has the right to designate which classification of shares has the most voting rights and when they are issued to the shareholders.

Under the NYSE rules for member organizations: (i) the election of directors; (ii) the non-binding advisory vote to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) each of the shareholder proposals described in this proxy statement are not matters on which a broker may vote without your instructions.

At any meeting at which a quorum has been established, the affirmative vote of the holders of a majority of the Shares present in person or represented by proxy at the meeting and entitled to vote on the proposal at issue is required for: (i) the ratification of the appointment of EY as Walmart's independent accountants for fiscal 2016; (ii) the adoption of a non-binding advisory resolution to approve the compensation of the company's NEOs; (iii) the approval of the Stock Incentive Plan of 2015; and (iv) the adoption of each of the shareholder proposals.