Moreover, the Securities and Exchange Commission is currently considering a rule change to give shareholders the right to propose directors.
Name of the proposed Director, who will be a tenured faculty member; any co-Director or Associate Director should be identified, as well.
Correction: June 23 , 2001 Saturday An article in Business Day on Thursday about a proposal to elect a new board for Computer Associates misstated the given name of one proposed director.
However, the film famously came off the rails when proposed director Brett Ratner suggested it would eschew the original trilogy's edgy, potty-mouthed style for a more family-friendly approach.
Even in the rare instances when shareholders vote against proposed directors, it can be difficult to persuade one to resign.
"We believe that the proposed directors will carefully review the value represented by Roche's offer and ensure that Illumina acts in the best interests of its shareholders".
Last month, he set up a Web site, ValueYahoo.com, in which he sketched his overhaul agenda for the company and put forth a slate of proposed directors.
This entails publishing and mailing their own list of proposed directors to shareholders, escalating the contest, in effect, into a fight for control of the firm.
The site, which went live at 10 30 Monday morning, includes an outline of his agenda, a mission statement and profiles on his slate of proposed directors.
Institutional Shareholder Services, the biggest of the proxy advisory firms, wrote in a report that Illumina shareholders should re-elect all of the company's proposed directors, instead of voting for director candidates proposed by Roche.
