NYSE Euronext director Ricardo Salgado received 46% of shareholder votes in the final tally of results that prompted his resignation—the first time a director for the Big Board has failed to win majority approval in the annual re-election process.
MONTREAL • Quebecor Inc. is defending the appointment of Michel Lavigne to its board of directors, even though he did not receive support from the majority of shareholders who voted at its annual meeting here Thursday.
As a member of the company’s audit committee, Lavigne was involved in paying departing chief executive Robert Dépatie $7.8 million last April — a transaction that was criticized as lacking transparency.
NYSE Euronext (NYX)
Q1 2011 Earnings Call
April 28, 2011 8:00 am ET
Michael Geltzeiler - Chief Financial Officer and Group Executive Vice President
Unknown Speaker -
Jennifer Ginnis -
Jan Hessels - Chairman and Chairman of Nominating & Governance Committee
Ricardo Salgado - Director and Member of Human Resources & Compensation Committee
Unknown Executive -
Moments ago, the Senate was supposed to vote through Debo Adegbile, Obama's nominee for the civil rights division at the Department of Justice and who represented cop killer Mumia Abu-Jamal. It failed, when the Democrats in the Senate couldn't get enough votes to pass a simple majority with 8 Democrats voted against Adegbile: Casey, Coons, Donnelly, Manchin, Walsh, Heitkamp, Pryor. Reid voted no in order to reconsider nom later.
Ricardo Salgado, vice chairman of Portugal's largest bank, will offer to quit the NYSE Euronext board after nonbinding, preliminary results showed he failed to get a majority of support in a shareholder vote.
Ricardo Salgado, vice chairman of Portugal's largest bank, is expected to tender his resignation from the NYSE Euronext board, after preliminary results showed he failed to get a majority of shareholder support.
TORONTO – For the second time in three years, investors have sent Barrick Gold Corp. an overwhelming message that its executive pay is unacceptable.
A whopping three-quarters of shareholder votes were cast against the company’s “say-on-pay” resolution at its annual meeting in Toronto Tuesday, according to a preliminary count. The result, which is non-binding, was enough to convince chairman John Thornton that the company has to go back to the drawing board on its pay program, even though it recently revamped it.
A week after the Greek Prime Minister, Antonis Samaras, was unable to push through his nominee for president, Stavros Dimas, in a vote in parliament that needed 200 votes to pass, hours ago the second presidential vote took place and just like last week it again failed to secured the needed 200 votes, with just 168 lawmakers voting for the designated appointee.
Editor's Note: Carol Bowie is Head of Americas Research at Institutional Shareholder Services Inc. (ISS). This post relates to draft policy changes to voting recommendations on independent chair shareholder proposals issued by ISS on October 15, 2014.
Calls for independent board chairs were the most prevalent type of shareholder proposal offered for consideration at U.S.
(NEW YORK ) — The New York Stock Exchange is being sold to a rival exchange for about $8 billion, ending more than two centuries of independence for the iconic Big Board. IntercontinentalExchange Inc., an upstart exchange based in Atlanta, said Thursday that NYSE Euronext Inc. shareholders can chose to receive either $33.12 in cash, .2581 IntercontinentalExchange Inc. shares, or a combination of $11.27 in cash plus .1703 shares of stock. The deal has been approved by the boards of both companies, but would have to be approved by regulators.
The trend is definitely negative for the support enjoyed by directors at CIBC, the smallest of the country’s Big Five banks, which held its annual meeting in Ottawa on Thursday.
The trend is based on comparing the percentage of withheld votes at the 2013 annual meeting with the 2012 annual meeting: more shareholders are upset with the nominees and are showing it.