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The commission also is expected to approve, in time for next spring's proxy season, a rule that would allow a substantial shareholder to propose nominees to run for a minority of board seats.
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Illumina is likely to face substantial shareholder pressure to speak to Roche if the price is raised.
Jillings is understood to be a substantial shareholder of the club, and a similar judgment against him would lead to him being forced to sell the stake otherwise the suspension would be conferred on to the club.
Consequently, we remain confident about the company's future and our ability to deliver substantial shareholder value".
Ashley has conducted a review of how the company treats its staff but a trade union resolution calling for an independent inquiry is likely to garner substantial shareholder support.
I only see an acquisition as possible if an acquiring firm is willing to destroy substantial shareholder value.
Make no mistake, there are plenty of public companies now that represent the industry and have the potential to create substantial shareholder value over time.
The most important change would give substantial shareholders the right to nominate their own candidates to the board, which would ultimately make it harder for slothful or self-dealing executives to stack their boards with enablers and yes-men.
However, I see an acquisition as possible only if an acquiring firm is willing to ignore prudent stewardship of capital and destroy substantial shareholder value.
Rupert Murdoch and his sons were reelected to News Corp.'s board of directors despite a substantial shareholder vote against them, filings with the SEC show.
Murdoch faced a more substantial shareholder revolt at last year's meeting AGM, when almost 26% of investors failed to back his reappointment as BSkyB chairman, with 18.76% of them voting directly against him.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com