tailieunhanh - A Practical Guide to Information Systems Strategic Planning Second Edition_9

Tham khảo tài liệu 'a practical guide to information systems strategic planning second edition_9', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Table Shareholder rights comparison of UK and US positions Areas of difference In the UK In the US Shareholder pre-emption rights Director appointment and removal Rights issue new shares offered in proportion to existing shareholders first so as not to dilute their ownership . Shareholders can pass a special resolution0 and vote to disapply this rule if a 75 majority is achieved. Right to vote to appoint or remove and replace a board dứector by a simple majority of votes cast on an ordinary resolution If not re-elected may not be immediately reappointed. No such law in place - no pre-emption rights. Nomination of dứectors Shareholders have a basic right to nominate a director by a simple majority of votes cast on an ordinary resolution. Dứectors are elected by a plurality0 of the votes cast by the shares entitled to vote in the election of a meeting at which a quorum is present. Under the plurality voting system an uncontested dứector is elected on the basis of a single affirmative vote regardless of the number of votes withheld. The US system of plurality voting does not enable shareholders to vote against the election of a director and they must instead rely on the number of votes withheld to express their dissatisfaction. Dứectors remain on board until a successor is named. Company to exclude shareholder proposals related to the election of new dứectors from the management proxy statement. The practical effect of this is that shareholders wishing to propose nominees to the board must personally incur the costs for the proposal in soliciting and bringing in other shareholder support. The company can counter-solicit its disagreement with the nomination. Shareholder communication Submit shareholder proposal Votes The Code provides that the Chairman should ensure that the views of shareholders are communicated to the board as a whole d As principal trading occurs at the same time in London there are no rules on shareholders acting together. Have support of 5 of