Sentence examples for permit shareholders from inspiring English sources

The legislation also instructs the commission to issue rules that would permit shareholders to propose their own directors.

His most prominent success so far has been persuading the court to overturn the agency's rules that would permit shareholders to nominate directors directly, known as proxy access.

Structured under a new provision of federal law that allows the government to divert penalties destined for the Treasury to investors instead, it would permit shareholders to jump ahead of creditors and receive significant compensation.

The language also suggests a scenario where a tender offeror could come in and the board could recommend that shareholders reject the offer, but still permit shareholders to tender into the offer.

Securities and Exchange Commission rules permit shareholders to introduce resolutions a third time, as long as they win at least 6percentt of the vote on the second try.

A. Bruce A. Cholst, a Manhattan co-op lawyer, said that co-op boards are not required to permit shareholders to review ballots and proxies, and that most boards do not.

The rules permit shareholder dissidents to cherry-pick the shareholders who they want to solicit, whereas management always must send every document that it puts out to every single shareholder.

New York State's Business Corporation Law permits shareholders to use whichever form of proxy they wish, she said, and it is not uncommon to see large numbers of discretionary proxies used in co-ops.

"Most proprietary leases provide that the apartment can be occupied only by the shareholder and members of the shareholder's immediate family," Mr. Brill said, adding that while the leases typically permitted shareholders to allow for guests in their apartments, most leases defined guests as individuals who are there at the same time as the shareholder.

A. Aaron Shmulewitz, a Manhattan co-op and condominium lawyer, said that while co-ops are governed by a statute that permits shareholders holding as few as 10percentt of the shares to call a special meeting to elect directors, the New York State Condominium Act does not contain such a provision.

"The Senate bill will make it clear that the SEC has unambiguous authority to issue rules permitting shareholders access to the proxy -- essential, as I know you guys know," she said.