If the corporate action
is one requiring stockholder approval, the corporation's stockholders must then approve the ratification.
In May 2012, XBRL US published the second release of the Corporate Actions
Taxonomy (CAT), a digital XBRL dictionary that defines more than 50 corporate action
messages designed to facilitate corporate action
- Possible corporate actions
by Severstal's Nord Gold
* While the complexity of the data and the large number of communication points have long been the biggest corporate actions
pain points, the emergence of data standards has made improvements in automation possible.
One particular issue in the world of associations and nonprofit organizations that has generated many questions is the extent to which boards of directors may use electronic media to hold meetings or take corporate actions
. The laws applicable to these issues are behind the times; but some basic principles will help association leaders understand the general rules affecting association governance.
Companies have been able in many instances to take the position that a shareholder proposal mandating a particular corporate action
is inconsistent with this kind of statutory provision, and so not a proper subject for shareholder action -- and therefore can be excluded from the proxy statement.
One of the more pernicious threats faced by closely held corporation shareholders is the prospect of "constructive" distributions, taxed as ordinary dividend income to the extent of available earnings and profits, for transactions in which the shareholder benefits from a corporate action
. In this connection, buy-sell agreements have proven to be a source of revenue for the Internal Revenue Service when the agreement is not properly structured.
The appalling intransigence of the South Africangovernment in the face of worldwide pressure to abandon its apartheid laws, its brutality and violence, its censorship of the press, have combined to elicit a dramatic resurgence of corporate action
campaigns in mainstream America.
Even though SWIFT messages are established as the message standard for corporate action
announcements and processing, many companies struggle with the complexity of the messages and the protocol across the lifecycle of the event.
management will be filing a Corporate Action
with FINRA to issue stock dividends as a result of the sale.
* Information about the corporate action
, including type or nature, and date of the action or the date against which the shareholders' ownership is measured; and
Aimed at the needs of smaller businesses ("those that are privately owned, with up to about 35 shareholders and 50 employees"), this book provides step by step instructions on holding and documenting corporate meetings of shareholders and directors; documenting corporate action
taken without a meeting; and approving common ongoing corporate legal, tax, and business decisions.