Sentences with phrase «such shareholder proposals»

Not exact matches

As such, Proposal # 2 has the support of many of our shareholders,» the company said in a statement last week.

Prior shareholder letters insisted the proposals were misguided or ignored the company's efforts to spell out its position that even a world intent on limiting temperature rises would still need more oil — a position shared by bodies such as the International Energy Agency, which sees oil demand rising for some years to come yet.

In addition to announcing the challenge to Apple's shareholder proposal, Greenlight also filed a lawsuit in U.S. federal court in New York to block the amendment, saying such a move violates shareholders» rights.

On the other side will be Apple, which has asked shareholders to vote on a proposal in its latest proxy that would eliminate the ability to distribute such preferred stock.

Some shareholder proposals and supporting statements may contain assertions about Walmart that we believe are incorrect, and we have not tried to refute all such inaccuracies in the company's responses.

Absent such a standard, the shareholder proposal rule becomes nothing less than a species of private eminent domain by which the federal government allows a small minority to appropriate someone else's property — the company is a legal person, after all, and it is the company's proxy statement at issue — for use as a soap - box to disseminate their views.

Such a test seems desirable so as to ensure that an adopted proposal redounds to the benefit of all shareholders, not just those who share the political and social views of the proponent.

-- An issuer may not include in its proxy materials a shareholder proposal submitted by a person in such person's capacity as a proxy, representative, agent, or person otherwise acting on behalf of a shareholder.».

As such, the Board believes that the policy requested by this proposal is not appropriate for the Company and not in the best interests of shareholders.

Disclose Company's Own Political Spending If a company chooses to use its own funds for direct campaign spending, the issue raised in many shareholder proposals is whether such corporations should — in addition to the governance procedures noted above — issue a comprehensive report which lists in one place all the recipients both of such direct spending and of contributions made from the company's employee PAC.

Shareholders who intend to present a proposal at the 2015 Annual Meeting without including such proposal in the Corporation's proxy statement must provide the Corporation notice of such proposal no later than January 31, 2015.

Under the EziBuy proposal, class action shareholders would receive a convertible note convertible into shares estimated to be worth between $ 6 million and $ 20 million and issued at the time of a liquidity event such as an IPO or trade sale of EziBuy.

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 %.

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.

Laura Richman, counsel in the Chicago office of law firm Mayer Brown, notes that such proposals were one of the types most frequently put forward by shareholders last year.

A shareholder who is entitled to vote at the 2016 Annual Meeting of Shareholders may raise a proposal for consideration at such Annual Meeting.

For additional information regarding the deadlines and procedures for submitting such recommendations for the 2016 Annual Meeting of Shareholders, please see the discussion below under «Shareholder Proposals and Director Nominations for the 2016 Annual Meeting of Shareholders.»

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.

As such, the board of directors must act in good faith and cause the proposal to be put on the ballot for the forthcoming annual meeting of shareholders.

One such proposed action is President Bush's proposal to amend the Internal Revenue Code so that corporate dividends derived from corporate earnings on which taxes have been paid by the corporation would be non-taxable to the recipient shareholder - taxpayer.

Given the strictures on shareholder proposals, it's common for investor advocates to push not for specific changes, but for analyses of risk: asking companies to publicly measure their greenhouse gas emissions, to analyze the environmental impact of their global supply chains, or, in a strategy pioneered last year, to quantify their exposure to «stranded assets,» such as fossil fuel reserves that would exceed the world carbon budget.

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.

«I am glad the board is willing to evaluate such a proposal, consistent with its fiduciary duties to shareholders,» Jacobs said in a statement.