Corporate Action

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Corporate Action

Any action a publicly-traded company takes that affects its shareholders and/or bondholders, whether positively or negatively. Common examples of corporate action include stock splits, where the company doubles the number of its shares, and calling bonds, where a company deprives bondholders of coupons to which they would otherwise have been entitled. Corporate actions must be approved by the board of directors and in many circumstances shareholders may vote on the measures as well.
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References in periodicals archive ?
Association of Former Members of Congress (FMC) has announced it has recognized the Lufthansa Group for its sustainable corporate actions with an award for good corporate citizenship, the company said.
To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of digital securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions and custodianship.
Award categories ranged from best sell-side and buy-side enterprise data management platforms to managed services, corporate actions, risk data aggregation, entity data, quality analysis, Know Your Client (KYC) and client onboarding, data governance, data lineage and regulatory data management.
Top 50 CEOs were selected based on detailed reviews from their respective employees and industry colleagues, according to The SaaS Report, a comprehensive source for market insights, business news, investment activity and corporate actions related to the SaaS and software sectors.
The special charges that Analog Devices expects to take in connection with the corporate actions are expected to negatively impact the GAAP earnings per share guidance previously provided by the company for Q1 in the range of 15c-17c per share, but are expected to have no impact on the company's non-GAAP earnings per share guidance for the same period.
Special rebalancings are caused by corporate actions such as mergers, bankruptcies, and liquidations.
The author covers corporate documents and the law; how to keep minutes, and record written consent, and other corporate actions; how to prep for corporate meetings; how to hold a directorAEs or shareholderAEs meeting; preparing minutes for various types of meetings; action by written consent; conflict of interest resolutions; resolutions for loans to insiders; fringe benefits and reimbursement resolutions; and a wide variety of other related subjects.
SunGard's solutions for corporate actions processing, corporate payments, reconciliations, have secured the 2015 SWIFT Certified Application labels, demonstrating that they successfully meet defined requirements around SWIFT standards.
Markit said that Information Mosaic's enterprise software will allow it to extend its corporate actions service to support the full corporate actions trade lifecycle and enhance Markit's asset servicing solutions.
In an unfortunate number of cases due diligence in connection with a corporation's IPO or a major financing uncovers one or more past defective corporate actions. These defects generally need to be corrected before the IPO or investment can proceed because defective corporate acts, particularly stock issuances, create uncertainty as to the corporation's capital structure.
The Philips General Business Principles (GBP) governs the business' decisions and apply equally to corporate actions and to the behaviour of individual employees, it said.

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