Sentences with phrase «shareholders vote against»

Glass Lewis & Co., another advisory firm, also recommended that shareholders vote against the company's compensation package, citing «poor overall design» and «performance disconnect.»

In case a majority of the shareholders vote against a company's remuneration report in a given year, the company should explain in its next remuneration report how the vote of the shareholder has been taken into account.

In situations where, in Glass Lewis» opinion, the existing laws, policies or regulations either provide shareholders with adequate proxy access rights or would prohibit a company's adoption of the requested provision, it will recommend that shareholders vote against such US - style proposals.

In the lead up to Target's 2014 annual meeting of shareholders, Institutional Shareholder Services Inc., a powerful proxy advisory firm, recommended Target's shareholders vote against the election of seven of its 10 director nominees for «failing to provide sufficient risk oversight» in connection with the company's cybersecurity breach.

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.

The vote was another sign of discontent among shareholders of the controversial company K12 Inc., with governance advisory firm Glass Lewis & Co. citing a «substantial disconnect between compensation and performance results» in its recommendation that shareholders vote against the pay proposal.

GM leadership opposed the plan, and shareholder advisory firms Institutional Shareholder Services and Glass Lewis both recommended GM shareholders vote against Greenlight's proposal.

Tesla's board is recommending that shareholders vote against the proposal, saying lead independent director Antonio Gracias protects the company against any potential governance issues arising from having a non-independent chairman.

But before the company's first AGM last spring, ISS reported that the package went against its guidelines and suggested shareholders vote against.

He noted that although Apple has characterized it as a pro-shareholder measure, not everyone agrees with that assessment, citing a report from one independent proxy service called Egan - Jones that recommended shareholders vote against the proposal.

Clearwire's board last week recommended that its shareholders vote against Sprint's $ 3.40 per share offer at a special meeting scheduled for June 24 and instead urged them to accept Dish's tender offer to buy Clearwire shares for $ 4.40 each.

Exxon has recommended that shareholders vote against all of the shareholder proposals this year.

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

On Monday Institutional Shareholder Services (ISS) released a report recommending shareholders vote against 10 of Mylan's 11 current board members, including CEO Heather Bresch.

At WPP Plc, a third of shareholders voted against CEO Martin Sorrell's 70 million - pound pay package in June 2016.

SINGAPORE, April 19 - Embattled Noble Group said it will drop a provision in its $ 3.4 billion debt restructuring proposal that placed restrictions on shareholders voting against the plan after criticism from the Singapore Exchange.

SINGAPORE, April 19 - Bowing to criticism from the Singapore Exchange and other investors, embattled Noble Group is removing a provision in its $ 3.4 billion debt restructuring proposal that penalised shareholders voting against the plan.

Fifty - two percent of shareholders voted against Disney's compensation plan for Iger and other executive

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.

Last year, over a quarter of Clarkson plc's shareholders voted against the company's remuneration report and binding pay policies after CEO Andi Case received a bonus of just under # 3m.

Given the high level of discontent expressed on the say - on pay proposal last year, when 56.6 % of non-state shareholders voted against, securing support for the proposed remuneration policy may be a challenge.

At its annual meeting Tuesday, April 17, 2012, 55 percent of the bank's shareholders voted against the pay packages that have been granted to Citigroup's top executives, including Pandit's $ 15 million for last year and $ 10 million retention pay.

The shareholders voted against the liquidation on Friday so this probably gives greenlight to pursue acquisitions.

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.

But the only shareholders who can collect the rest of the money that the court deemed their shares were worth are those who voted against the deal, and Magnetar is the largest of just a few investors who did, according to The Wall Street Journal.

Einhorn, fund manager for Greenlight Capital, accused Apple of cash hoarding earlier last week and is encouraging shareholders to vote against Apple's proxy because he thinks proposition two will kill the option of Apple issuing preferred stock.

Wellad's third - largest shareholder says it plans to vote against the live cattle exporter's remuneration report and has asked shareholders to back the appointment of one of its representatives to the board.

Exxon Mobil (xom) has stepped up efforts to persuade investors to vote against climate - related proposals at Wednesday's annual meeting with a campaign of calling, writing and lobbying shareholders in person.

Tap Oil shareholders have lodged a big protest vote, with more than 35 per cent of votes cast against three resolutions at today's annual meeting, with dissident shareholder Chatchai Yenbamroong accounting for a large share of the opposition.

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.

Perth - based Amcom Telecommunications has pushed back its scheme meeting to vote on the Vocus Communications takeover deal by two weeks, after Sydney competitor and Amcom's major shareholder TPG Telecom yesterday said it would vote against the proposal.

Many other shareholders, including Highfields Capital Management, Pzena Investment Management and Yacktman Asset Management, have also said they would vote against the offer because they see it as too low.

He's still going to have to deal with lawsuits shareholders filed against the Tesla - SolarCity merger prior to the vote.

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.

Only shareholders who vote against a merger are entitled to bring an appraisal suit, and a fairly small number did in Dell's case.

Influential shareholder advisory firm Institutional Shareholder Services (ISS) had advised shareholders to vote against the remuneration policy, expressing concern about planned increases inshareholder advisory firm Institutional Shareholder Services (ISS) had advised shareholders to vote against the remuneration policy, expressing concern about planned increases inShareholder Services (ISS) had advised shareholders to vote against the remuneration policy, expressing concern about planned increases in fixed pay.

Shareholders led by the French state voted against his compensation in 2016 but approved it narrowly last year.

Netflix's board is divided into three separate classes, so shareholders don't even get to vote for or against all the directors every year, just a selection of them.

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.

Too often (95 % of the time) fund managers endorse the current board, they vote against other shareholders» proposals and they fail to introduce proposals of their own, Bogle says.

Shareholders who have already cast their votes in the $ 24.4 billion buyout have lined up against the Dell deal, sources said.

The shareholder advisory firms Glass Lewis and ISS are also advising shareholders to vote against the move.

Iger was also awarded an equity grant that could be worth about $ 100 million in 2021, according to proxy adviser Institutional Shareholder Services, which urged investors to vote against the pay resolution.

Business Insider reported last week, meanwhile, that the California State Teachers» Retirement System, one of the biggest pension funds in the world, was lobbying shareholders to vote against the proposal.

It is unusual for shareholders to vote against executive compensation.

For example, despite the fact that more than 85 % of outsiders (average shareholders) voted AGAINST the creation of a third class of stock (class C) in 2012, the weight of the insiders» 10 votes per share allowed the passage of this proposal.

For example, despite the fact that more than 85 % of outsiders (average shareholders) voted AGAINST the creation of a third class of stock (class C), the weight of the insiders» 10 votes per share allowed the passage of this proposal.

Wynn Resorts — The casino operator's largest shareholder, Elaine Wynn, urged shareholders to vote against the re-election of director John Hagenbuch.

Approval of the amended and restated Apple Inc. 2014 Employee Stock Plan B Shareholder Proposals — The Board of Directors recommends a vote AGAINST Proposals 5, 6, 7 and 8.

The deal requires approval by Pou Sheng's independent shareholders, who own 37.2 percent in total, and could be vetoed if one - tenth of these investors votes against.