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Shareholder advisory group Pirc wants a vote against the re-election of executive chairman Kevin Loosemore and a thumbs down for the remuneration policy at Micro Focus's annual meeting on Wednesday.
With their impatience to have the veterans committee elect someone — it had elected no one in the three previous players elections and two elections of executives, managers and umpires — Clark, Petroskey and the Hall's board changed the voting format just when Miller appeared to be getting close.
The existing constitution dates from 1893, but the direct popular election of the executive council (Regierungsrat) was introduced in 1906.
But now the election of non-executive directors must be approved separately by minority shareholders.
The president recognizes that elections of an executive alone do not a democracy make.
More than 40% of Walt Disney shareholders withheld support for the re-election of Chief Executive Michael Eisner to the board of directors at its annual meeting Wednesday, according to an early tally of votes, the company said.
The U.K.'s Sunday Times reported that the investors unappeased by the company's plans to return a further 9 billion pounds ($16.9 billion) to shareholders and unhappy with sluggish growth, a prodigal foray into Japan and an appetite for spending intend to vote against the re-election of Chief Executive Arun Sarin and other directors at next month's annual meeting.
The election of Bhairavi Desai, executive director of the New York Taxi Workers Alliance, to the federation's executive council, was cited as another example of labor's efforts to broaden its base.
You suggest that the outcome of the election of the chief executive was predetermined.
The recent political scandals are likely to feed public pressure for a direct election of the chief executive in the subsequent election year, 2017.
The pro-democracy camp has urged Leung to begin a public consultation process on how to carry out the direct election of the chief executive in 2017.
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