Shareholder Vote

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Shareholder Vote

An election in a corporation in which all shareholders may participate. Shareholder votes are most often associated with electing directors and setting company policies at the annual meeting of shareholders. In order to be able to vote, one must hold voting stock. The right to vote gives the holder of voting stock a great deal of control over the company.
References in periodicals archive ?
FirstGroup's latest remuneration report, including an PS876,000 pay package for new chief executive Matthew Gregory and a deal worth PS170,000 for two months' work by former CEO Tim O'Toole, was rejected by nearly 24% of the shareholder votes cast.
Almost a quarter of shareholder votes opposed the remuneration report, which will see chief executive Veronique Laury, who is set to step down in September, take home a total of PS1.8m.
In its campaign against Argo ,Voce nominated five independent director candidates, but it withdrew the nominations on May 21, alleging Argo had poisoned shareholder votes by using "underhanded tactics and manipulating its complex corporate machinery for the benefit of the board and management at the expense of shareholders."
In its campaign against Argo ,Voce nominated five independent director candidates, but it withdrew the nominations on May 21, (https://www.carriermanagement.com/news/2019/05/21/193674.htm) alleging Argo had poisoned shareholder votes by using "underhanded tactics and manipulating its complex corporate machinery for the benefit of the board and management at the expense of shareholders.
A further 7.4 million shareholder votes were withheld.
The shareholder votes, which included the approval of the all board members for new terms as well as for executive compensation packages, signals confidence in CEO Tim Cook and Apple's overall strategy and comes after the company announced its "best quarter ever" with $88B in sales.
M2 EQUITYBITES-March 7, 2016-Tullett Prebon, ICAP Issue Circular, Prospectus Ahead of 24 March Shareholder Votes on Acquisition
Also, the long term incentive plan of AuRico Metals Inc., a new company being created as part of the arrangement, also received approval of approximately 86.39% of Alamos and 95.99% of AuRico shareholder votes cast.
shareholder votes coexist and it is a serious mistake to treat them all
Prabhala), "The Power of Shareholder Votes: Evidence from Director Elections," we provide comprehensive empirical evidence on the consequences of shareholder votes in director elections.
As the influence of proxy firms grows, so will the SEC's continued examination of their influence on shareholder votes.
The company said the two directors -- V Burns Hargis, president of Oklahoma State University, and Richard Davidson, a former chief executive officer of Union Pacific Corp -- had tendered their resignations from the board after winning the backing of fewer than a quarter of the shareholder votes cast.