By law, the company's board is evenly split between representatives of shareholders and employees.
Though a company spokesman called the 59percentt opposition a reaffirmation of the decision to incorporate in Bermuda, representatives of shareholders said it should cause the company's directors to reconsider the move.
In Germany, for instance, companies are obliged by law to have a two-tier board: a management board takes responsibility for the day-to-day running of the company and a supervisory board, comprising representatives of shareholders and workers, has strategic oversight.
"The non-executives are the representatives of shareholders, which of course for big corporates are you and I, our pension funds and investments.
Commercial director Dave Biggar said the club had met with "various fan entities" including "supporters' clubs, fans' forums [and] representatives of shareholders" during the design process.
Medina and Wade Henderson, president of The Leadership Conference on Civil and Human Rights, were allowed to attend the meeting as representatives of shareholders in partner organizations.
The pop star came onstage immediately after Walmart execs faced some tough proposals from representatives of shareholder groups, seeking big reforms to the way the retail giant is managed.
"I'm a representative of all shareholders," he said.
"The board is the official representative of the shareholders," Mr. Saft said.
"This was a straightforward asset-stripping scheme," says Alexander Branis, director of Swedish funds group Prosperity Capital Management and a representative of minority shareholders on the UES board of directors.
"The only thing that changes is that we will talk to the shareholders directly rather than to the representatives of the shareholders," he said.
