An overly complex system creates undeserved headaches for issuers
The Canadian Securities Administrators has made a series of rule amendments that make it easier for dissident shareholders to solicit proxies.Amendments have been made to corporate law in the past few years, which permit a dissident shareholder to solicit proxies without preparing and sending an information circular to shareholders if the solicitation is conveyed by […]
Many pensions still lax on guiding proxy votes and lection of directors, Share says
Trustees giving complete discretion for proxy votes to investment firms
The U.S. Securities and Exchange Commission has voted to adopt amendments to its proxy rules that would allow companies to deliver proxy materials to shareholders through a “notice and access” model using the Internet. Under the amendments to the proxy rules, a company may, but is not required to, furnish proxy materials to shareholders through […]
Adds equity-based compensation plan amendment for TSX issuers
Proposal finds support among 10% of shareholders
Fund company to focus on executive compensation
The U.S. Securities and Exchange Commission voted to propose rules that would allow companies to use the Internet to satisfy proxy material delivery requirements.Under current rules, proxy statements and annual reports must be delivered in paper form or, if the shareholder consents, they may be delivered electronically (for example, by e-mail). The electronic delivery option […]
CSA calls for full disclosure of votes by mutual fund firms