The proposal to either split the CEO and Chairman position or impose more oversight of the CEO-Chairman subject to approval by JP Morgan shareholders.
Tags: Shareholders
Cipla Medpro Shareholders Approve Deal
A near unanimous vote of Cipla Medpro shareholders approved the tender offer by Cipla Ltd. Cipla Medpro of South Africa shareholders voted for the approval of US$488 million takeover bid from Cipla Ltd of India.
Elliot Blasts Hess Corp's Two Director Offer
Elliot Management calls the offer of Hess Corp of two directors a "PR stunt". In a bid to appease Elliott Management, Hess Corp has offered the maverick investment fund two seats on the board.
Glass Lewis Recommends No to Shareholders
Glass Lewis recommends to shareholders not to vote for proposed executive compensation package. According to proxy advisory firm Glass Lewis, shareholders of Goldman Sachs Group Inc should vote against the proposed executive compensation as the board has 'failed to link pay with performance'.
Proxy Advisory Firms at Odds over Sprint Bid for Clearwire
ISS and Glass Lewis provide opposing advisories to Clearwire shareholders regarding the takeover bid of Sprint-Nextel.
Latest News
Dean Foods spins off WhiteWave Foods. US based food and beverage company, Dean Foods Company, signed the spin off from The WhiteWave Foods Company. In an announcement, the board of directors had consented to the distribution of the residual equity interest in The WhiteWave Foods Company to stockholders of Dean Foods.
UBS is facing calls from shareholders seeking to split the banking operations from wealth management operations.
Smith & Nephew to conduct share buyback programme for its shareholders. Smith & Nephew, the medical devices manufacturer, is now conducting a cash return program to its shareholders through a US$300 million repurchase program.
Glass Lewis has advised Morgan Stanley shareholders that it should veto the executive pay plan proposed, as the compensation is not correlative to performance.
Apple, in the largest bond deal for the year, offers US$17 billion to assuage shareholder fears over falling profits and declining growth.
Vodafone shareholders, should the US$100 million bid be offered, wants to either merge with Verizon Communications.
With interests in Volvo and other corporations, the sovereign wealth fund of Norway seeks to be more active in its deals and management.
Piraeus obtains shareholder approval for share issues and convertible contingent bonds. The second largest banking institution in Greece, Piraeus Bank, obtained shareholder approval last Tuesday for a Eur7,33 billion or US$9.
Accor shareholders may pressure CEO to leave due to dismal performance. According to a Reuters report, Chief Executive Officer of Accor may be expelled by the company's board by Tuesday due to weak performance of the company shares in the local bourse in the past months.
