December 2, 2011, at 11:16 am
Holders of common shares in Millicom International Cellular are in line for a surprise pre-Christmas bonus, to the tune of $3 per share. Shareholders at Millicom’s EGM, convened specifically for the purpose, today voted in favour of the special dividend proposed.
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August 12, 2011, at 4:23 pm
What to do when shareholders elect not to vote on a resolution? Recent legal developments in Australia have raised interesting questions about the common practice of the chairman voting undirected proxies for say-on-pay resolutions.
In the majority of markets with developed shareholder voting procedures, for each proposal, the shareholder has three choices; …… continue reading >>
July 1, 2011, at 7:17 pm
An analysis by Manifest of voting trends on the remuneration report since its introduction in 2003 has revealed the FTSE 100 companies with the greatest level of shareholder dissatisfaction, on average, over the period.
The list includes some companies where there has been one very large dissenting vote, but the more interesting …… continue reading >>
January 26, 2011, at 9:48 am
S&P 500 constituent Monsanto Company yesterday became one of the first US companies to hold its AGM following the introduction of the new US rules requiring an advisory vote on the remuneration of the directors and an advisory vote on the frequency of such a vote. Shareholders did not follow the management …… continue reading >>
October 29, 2010, at 6:51 pm
The Australian Future Fund, established in 2006 to assist future Australian governments meet the cost of public sector superannuation liabilities, has released its 2009/10 annual report. The report reveals for the first time how the Fund has cast its voting rights at shareholder meetings in Australia, having taken its voting at domestic …… continue reading >>
June 11, 2010, at 5:05 pm
New research from Manifest’s US partner ProxyGovernance Inc reveals just how rapidly support is growing for E&S votes at US companies. For the first time, E&S resolutions have represented the largest portion of shareholder proposals. Although the number of resolutions has remained below 200, those resolutions with more than 30% support have seen …… continue reading >>
May 28, 2010, at 1:53 pm
Changes to SEC disclosure rules effective Feb. 28, 2010 require US listed companies to disclose the results of their meetings within four business days. This means that we are able to provide an overview of the season in a more-timely manner. PGI has put together a summary of the results for some of the …… continue reading >>
May 16, 2010, at 7:41 pm
While the AGM season is now mostly behind us as far as the biggest European blue chips are concerned, it’s now the turn of the mid-caps to face their shareholders. A quick review of the data so far shows that overall turnout, based on 74 of the top 100 UK meetings is holding steady at …… continue reading >>
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