Sentences with phrase «shareholders said the changes»

But some shareholders said the changes were illegal and sued.

Not exact matches

In his 2015 book «Rewriting the Rules of the American Economy,» Stiglitz said that the normalization of shareholder primacy was solidified under the Reagan administration through changes to federal income tax law and securities law, including relaxed antitrust laws.

«If Apple thinks the lawsuit is a waste of resources it could simply end the matter by complying with existing law and filing a new proxy that unbundles the proposed changes to the charter so that shareholders can express their views on each matter separately,» a Greenlight spokesperson said in a statement Tuesday.

«The investigations, along with current discussions among shareholders, possible changes in the board of directors and management, will be a distraction,» Moody's said in a statement March 6, also highlighting the company's «weak credit metrics.»

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.

He said the only change would be that MillerCoors beers, which include Miller Lite, Blue Moon, and Coors, would have one shareholder rather than two.

Perth company OTOC has joined TFS Corporation in receiving shareholder approval for a name change and rebranding, which both companies say will more accurately reflect their business models.

«We believe this change, together with continued strong performance, will increase our ability to generate significant long - term equity value for all of our shareholders,» they said.

It said the tactic was meant to confuse shareholders into voting for a package of reforms, even if it included the stock change that was not in their interests.

«Today, after welcoming its new directors Ursula Burns and John Thain, the Board voted unanimously to move forward with the proposed investment by SoftBank and with governance changes that would strengthen its independence and ensure equality among all shareholders,» the board said in a statement to TechCrunch.

At Institutional Shareholder Services (ISS), she worked on the executive compensation team as a senior analyst until 2010, with a particular focus on change of control packages, and analyzed «say on pay» resolutions.

We believe this change, together with continued strong performance, will increase our ability to generate significant long - term equity value for all of our shareholders,» said Henry Kravis and George Roberts.

McBee said that with a publicly traded company he has a fiduciary duty to his shareholders to prioritize profits at the firm even as a groundswell of change engulfs the telecommunications industry.

John Mack, former chairman and CEO of Morgan Stanley, spoke with Bloomberg Television's Erik Schatzker and Stephanie Ruhle on «Market Makers» about Vikram Pandit's departure from Citigroup, saying that «there was a view clearly by shareholders that change was a good thing.»

Sources close to the board said that a majority of those shareholders are in favor of this change.

We believe this change, together with continued strong performance, will increase our ability to generate significant long - term equity value for all of our shareholders,» said Henry R. Kravis and George R. Roberts, Co-Chairmen and Co-Chief Executive Officers of KKR.

The shareholder activism behind things like the say - on - pay movement is the driving force for change within boards, experts say.

A: When a company receives low support for its say - on - pay proposal (generally less than 75 %), we believe at a minimum the company should provide some level of disclosure regarding the company's response to shareholder opposition; such disclosure, which often includes a discussion of engagement meetings and feedback received, should be accompanied by relevant changes and / or rationale intended to address outstanding concerns.

«It used to be that gender was dismissed out of hand as unimportant, but boy has that changed in the last two years,» says Laura O'Neill, director of law and policy with SHARE, an advisor group to institutional shareholders.

Board chair David Denison says in a separate statement that the government told Hydro One it would vote against compensation changes, and he adds that the utility will consult with shareholders and get «additional independent advice» on executive compensation.

«The Board voted unanimously to move forward with the proposed investment by SoftBank and with governance changes that would strengthen its independence and ensure equality among all shareholders,» Uber's board said in a statement.

Mr Scott said this week he and his leadership team were keen to make changes that would improve shareholder returns.

If our ownership changes hands I fully expect major shareholder, who also supports the club, Usmanov to have a say in matters before this African guy spouting to the press does.

If an arsenal fan can say that why can't Adrian Durham on talksport, time to face reality, with Wenger, the current board and majority shareholder we are a million miles off where we were told we would be when we left Highbury and no matter how many times we as fans are told to get behind the team and manager that won't change the table come May.

Comptroller hopeful and City Councilwoman Melinda Katz (D - Forest Hills) Monday called on the U.S. Securities and Exchange Commission to ratify proposed rule changes that would allow shareholders to nominate directors on corporate boards — a change she says would have tremendous impact on city pension funds.

In response, DiNapoli said the retirement system is already a leader among public pension funds in seeking to push a low carbon economy and getting corporations to address climate change issues, such as through shareholder resolutions aimed at companies like ExxonMobil.

But DiNapoli, the sole trustee of the $ 192 billion state pension system with a voice in corporate shareholder governance and other matters, said he will use that power to press companies to «seek out sustainable investments and changes in corporate behavior» to keep the Paris accord alive.

At Nintendo's Annual Shareholder's Meeting, Miyamoto said the company will be «gradually changing the structure of The Legend of Zelda series,» citing The Legend of Zelda: A Link Between Worlds as an example.

The SEC rule change is expected to say that such elections are no longer routine items and brokers can't vote the stock either way without shareholder instructions.

Speaking at the Squenix shareholder meeting, Wada said, «Although it's tough on the development side of things to say that you'll release a game on multiple platforms but end up not doing so, Square Enix has to think about profitability,» continuing, «If there's a gap in the release of multiple versions of a game, and if the first version didn't necessarily see such great success, they have to think that there won't be a change in performance on a new platform.»

Such change is subject to a resolution by its 33rd annual general meeting of shareholders to be held in late June, 2013, and a resolution by its board of directors meeting to be held after the said meeting of shareholders.»

I liked what that first link said here: «It helps, too, that shareholders no longer have to prove that climate change matters to each company's bottom line.

Using UK and Liberian lawyers Sable swindled shareholders and paid bribes to change Liberian law so that it could obtain a mining contract,» said Daniel Balint - Kurti, Head of Special Investigations at Global Witness.

Dave Anderson, one of the authors, said that the report might «provide fodder» to those such as state attorneys general or private plaintiffs taking legal steps to force the industry to more fully describe the risks of climate change to shareholders, or even to compensate for damages that ensued from emissions.

While investigators have been looking into what Exxon knew about climate change and what it said about it to the public and shareholders for some time, recent investigative news reports by InsideClimate News and the Los Angeles Times made the issue «more ripe,» the person said.

«The success of the Portfolio Decarbonization Coalition is a clear signal to both governments and companies that climate change, and the corporate response to it, is critical to shareholder value and investor interests going forward,» said Solheim.

Robert Watson, the chief scientist, said Mr. Daboub tried to dilute references to climate change in the Clean Energy Investment Framework, a key strategy paper presented to the bank's shareholder governments at its annual meeting in Singapore last September.

In December, Exxon Mobil said it would disclose details on how it will be affected by climate change due to shareholder pressure.

And the Democratic platform advocates, it hasn't been finally, the current Democratic party platform for this year says that they should be investigated for misleading shareholders and the public about the risks of climate change.

KYL attorney and shareholder Julie Taylor, who will be working closely with the CODA team, said: «Technology is changing business at such a rapid pace that legacy approaches to managing data and workflows no longer apply.

The fact that shareholders seeking change were successful more than half the time, «you wonder whether there's in part a snowball effect because obviously if there's some success in the market you might have others thinking this is a useful tool,» says Atkinson.

Horner points to BCE Inc. v. 1976 Debentureholders, where the Supreme Court said in 2008 that Canadian fiduciary duties in a change of control situation are different from what is found in the U.S., where the board's duties are to the shareholders.

The company's mea culpa and promises to change its practices have come «in response to news reports, even though the company has known for a couple of years,» said Connor, who has worked with a couple of Facebook institutional shareholders.

Ackman buys stock in companies he deems undervalued, particularly in the retail, restaurant and real estate industries, and urges changes he says will boost shareholder returns.