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But he stressed that it was "very unusual provision for a public company to give a right [of veto] to another shareholder in relation to an expense item".
"The position of the shareholder in relation to the football in Scotland, in which he has invested more than any other individual in the last six years, is unsatisfactory.
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There was only a small ripple of protest from shareholders in relation to Betfair's annual report, with 6% of votes case either against or in abstention to the resolution.
The second board statement said: "The board notes press speculation and shareholder concern in relation to an advanced notice for a charge over Ibrox stadium.
They currently trade at around 530p. "Following consultation with a number of the company's largest shareholders, which indicated a broad level of support, and in keeping with our shareholder-approved policy in relation to the terms of directors' appointments, the company has agreed to make a restricted stock award to Nick with a face value of £700,000," the company said in its annual report (pdf).
Yes, but shareholders judge their managers in relation to benchmarks, not in absolutes.
Origin released a statement advising its shareholders to take no action "in relation to the offer or any documents they receive from BG at this stage".
But Helen Davies QC, representing Lloyds, said it was "a significant transaction which by its nature may be one in relation to which shareholders may have a variety of different views, including opposing views".
Shareholders were kept in the dark in relation to the existence and use of "The Macro," which required a reset of the relationship.
Shareholders, however, were rarely mentioned explicitly in relation to the companies' CSR policies and practices, although a commonly cited rival model to stakeholder theory suggests that companies should first support the interests of shareholders (Donaldson & Preston, 1995).
Shareholders recognise that schemes should be efficient in relation to tax implications, but there is a limit.
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