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He said that without rules to prevent it, "a shareholder could buy stock, receive a large tax-free dividend, and then sell the stock for a capital loss that offsets a capital gain" from another investment.
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A court case has been launched against the Commonwealth Bank (CBA) after it rejected a shareholder request for it to reveal the level of greenhouse gas emissions it finances.
It gave warning that if Exxon continued its "my way or the highway" approach, it risked a "shareholder revolt".Even if it attracts over 50%, the resolution is non-binding.
As a practical matter, Mr. Debbas said, when making a change of this type, which basically eliminates an amenity the shareholders have had, the board might want to submit it to a shareholder vote even if it doesn't have to, avoiding a "shareholder uproar".
It suffered a shareholder rebellion at its annual meeting over its remuneration report, surely too little too late as a protest?
But Aviva added 0.2p to 311.3p even though it suffered a shareholder rebellion against executive pay at its annual meeting.
Even when Fosun owns a company entirely, Mr Guo says its strategy is to look at the business as if it were a shareholder.
IT'S a shareholder's worst nightmare.
While it remains a shareholder, Mr Pandit will face stiff constraints.
It took a shareholder revolt to force Citi to act in the first place.
"It's a shareholder value issue for us," Mr. Ferlauto said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com