Sentences with phrase «supports 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.

But for his proposal to be put forward for consideration by Dell shareholders, he must first succeed in having Michael Dell's offer voted down and then win enough shareholder support to replace the members of Dell's board with his own nominees.

Altria said in a statement that «a combination of these two companies would create significant value for all SABMiller shareholders,» and that «Altria supports a proposal of 42.15 pounds... and, subject to finalization of terms, would be prepared to elect the partial share alternative.»

Flaherty supports the proposal, arguing in an April letter to his G20 counterparts that embedded contingent capital would «force the costs of excessive risk - taking to be removed from taxpayers and placed on to the right people — shareholders and subordinated debt holders — thus improving market discipline.»

In accordance with SEC rules, we have set forth below a shareholder proposal, along with the supporting statement of the shareholder proponent, for which we and our Board accept no responsibility.

All statements contained in a shareholder proposal and supporting statement are the sole responsibility of the proponent of that shareholder proposal.

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.

Research indicates, for instance, that companies with majority (rather than plurality) voting for directors are more apt to adopt shareholder proposals that garner majority support, and that many chief financial officers are willing to forgo investments in projects expected to be profitable in the longer term in order to meet analysts» quarterly earnings estimates.

Current regulations allow a company to exclude a resubmitted proposal from its proxy only if it failed to receive the support of 3 % of shareholders the last time it was voted on; 6 % if it has been voted on twice in the last five years; and 10 % if it was voted on three or more times in the last five years.

In addition to low thresholds for the initial submission of a proposal, shareholders are allowed to resubmit their proposal in subsequent years, even if they receive extremely low levels of support.

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.

This comes a year after a shareholder proposal seeking an assessment of the long term impacts on the company's portfolio of public policies received near - majority support.

Because ICCR members and staff have been filing resolutions for over four decades, we have a great deal of expertise in how to write a strong shareholder proposal that will pass muster at the SEC and how to garner shareholder support at the AGM.

Abstentions reflect the fact that a shareholder has reviewed and evaluated a proposal but has not been persuaded to support the proposal.

The Board believes that it is the responsibility of any person putting a proposal forward for shareholders to approve — regardless of whether the Company or a shareholder proponent — to persuade shareholders owning a majority of the shares that vote to support the proposal.

There are many other tactics shareowners use as levers including, investor statements endorsed by a broad group of institutional investors; direct outreach to other shareholders; proxy voting services; and other investment advisors to gain support for specific shareholder proposals; and, outreach to consumers and the press as a way to draw public attention to an issue or a company.

New York Stock Exchange — June 6 David Einhorn's Greenlight Capital is seeking shareholder support at GM's 2017 annual meeting for a proposal to split GM shares into two separate listed equities, dividend shares and capital appreciation shares.

At last year's annual meeting, the company's advisory vote on executive compensation failed to receive majority support from shareholders, with approximately 29 % of shareholders supporting the proposal; however this was just one of the issues the company faced in the past year.

Gardens partner and chief counsel Glenn McGowan, who has negotiated on behalf of class action shareholders, is also supporting the EziBuy proposal.

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 %.

In 2015, a shareholder proposal submitted by UNITE HERE requesting that the board grant shareholders this right received 49.3 % shareholder support.

NBL NYSE — April 26, 2016 After receiving 42 % support on a shareholder proposal requesting proxy access that would allow an unlimited number of shareholders owning 3 % of shares for 3 years to nominate 25 % of the board at its last annual meeting, Noble Energy adopted a proxy access provision allowing a group of 20 shareholders owning 5 % of shares for 3 years the ability to nominate 20 % of the board.

Similar proposals, also called «Aiming for A,» received well over majority support at a handful of European companies where they were submitted in 2015, due in large part to the fact that in each case the board recommended shareholders vote in favor.

Shareholder proposals on pay equity at Alphabet (née Google) and Facebook are unlikely to gain majority support, but may nonetheless mark a turning point on gender inequality within the tech sector.

After preliminary vote results showed lower support than last year for the shareholder proposal to split the Chairman and CEO role, Glass Lewis» Vice President of Proxy Research, David Eaton, discusses the situation with CNBC.

When a company receives low support for its say - on - pay proposal, we believe the compensation committee should provide some level of response to shareholders» concerns, including engaging with large shareholders to identify the concerns driving the opposition.

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.

In its paper, the BPP Group raises a number of concerns regarding the hard regulatory approach suggested by the Directive proposals and calls upon the European Commission, Parliament and national governments to support the proportionate, principles - based approach to service supplier oversight overwhelmingly supported by shareholders that is embodied in the Best Practice Principles for Shareholder Voting Research & Analysis, stating that «unwarranted or disproportionate legislation may inhibit the provision of independent information and services that assist investors in the exercise of the very rights and responsibilities that the Directive aims to foster and support.»

At the 2013 AGM, the proposal (which Glass Lewis supported in light of the unfolding scandals) received support from 31 % of Mizuho's shareholders.

-- Davidoff presumes that a shareholder proposal is successful only if it receives majority support from shareholders.

Moreover, these proposals are increasingly resonating with voters: already this year, proposals at AES, Ameren and Marathon Petroleum received over 40 % shareholder support.

In 2014, for example, shareholder proposals related to social and political issues received average support of 29 % with ISS's support, and only 5 % if ISS recommended against.

Glanbia had agreed in April to sell its Irish dairy business to its majority shareholder Glanbia Co-operative Society for about $ 343m but the proposals narrowly failed to garner enough support from the membership.

«And as shareholders, we support the proposal that bonus pools should be formed only after taking into account the cost of capital, adjusted for risk.

By unconditionally supporting the MediciNova proposal on December 29, 2008, and encouraging the Board to bring the proposal to «a shareholder vote as soon as practical,» BVF may have overlooked other elements of the proposal that did not fully value all of Avigen's assets.

Wintergreen also indicated it will support the Wintergreen Advisers proposal to request that CTO hire an independent adviser to evaluate ways to maximize shareholder value.

April 28, 2016 Following Consolidated - Tomoka's Annual Meeting of Shareholders on April 27, 2016, Wintergreen's Liz Cohernour discusses how the votes cast by CTO shareholders have sent a «clear message to the board» by voting against two proposals, and supporting the proposal for CTO to hire an independent adviser to evaluate ways to maximize sharehShareholders on April 27, 2016, Wintergreen's Liz Cohernour discusses how the votes cast by CTO shareholders have sent a «clear message to the board» by voting against two proposals, and supporting the proposal for CTO to hire an independent adviser to evaluate ways to maximize sharehshareholders have sent a «clear message to the board» by voting against two proposals, and supporting the proposal for CTO to hire an independent adviser to evaluate ways to maximize shareholder value.

Regarding the Stockholder Proposal, Marathon Partners argued in its supporting statement that the Rights Agreement served no other purpose than to arbitrarily limit the number of shares a current or prospective shareholder could own at 10 % of the combined classes of stock.

This policy states that it will «support social, workforce and environmental proposals that promote «good corporate citizenship» while enhancing long term shareholder and stakeholder value and proposals that call for more detailed and comparable reporting of a company's social, workforce and environmental performance».

Therefore, CSIM will typically not support proposals requiring an independent chair unless CSIM has concerns regarding the board's accountability or responsiveness to shareholders.

Therefore, CSIM will generally not support cumulative voting proposals unless the company has a controlling shareholder or shareholder group and has plurality voting standards.

CSIM typically does not support proxy access proposals unless CSIM has particular concerns regarding the board's accountability or responsiveness to shareholders.

His comments were in support of his shareholder proposal to end all political activist shareholder proposals.

Starbucks leadership urged its shareholders to vote «no» on the proposal, despite the proposal being supported by a significant number of shareholders, according to As You Sow.

Chief Judy Wilson's resolution at Kinder Morgan's annual shareholder meeting in Houston, Texas receives unprecedented support from investors Major funds backing the resolution include Norway's Sovereign Wealth Fund, California Public Employees» Retirement System and shareholder proxy advisor firm ISS Kinder Morgan opposed the resolution, advising shareholders to reject the proposal

Supported annual shareholders meeting and addressed shareholder proposals, corporate governance, NYSE requirements and other board of director issues.