Does Confidential Proxy Voting Matter PDF Download
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Author | : Roberta Romano |
Publisher | : |
Total Pages | : 53 |
Release | : 2009 |
Genre | : |
ISBN | : |
Download Does Confidential Proxy Voting Matter? Book in PDF, ePub and Kindle
Confidential voting in corporate proxies is a principal recommendation in activist institutional investors' guidelines for corporate governance reforms. This paper examines the impact of the adoption of confidential voting on proposal outcomes through a panel data set of shareholder and management proposals submitted from 1986-98 to 130 firms that adopted confidential voting in those years. Institutional investors promoting confidential voting maintain that private sector institutions have conflicts of interest that prevent them from voting against management even though to do so would maximize the value of their shares; they contend that anonymous ballots will enable such investors to vote their true interest, and thereby anticipate reduced support for management proposals and increased support for shareholder proposals. The paper finds, contrary to confidential voting advocates' expectations, that adoption of confidential voting has no significant effect on voting outcomes. Voting outcomes are best explained by proposal type; neither institutional nor insider ownership, nor prior performance, significantly affect the level of support a proposal receives. Moreover, the conflict of interest hypothesis is not supported in the data, as private institutional holdings post-adoption of the voting reform do not affect the support level for proposals. Confidential voting also does not affect firms' stock performance. The results suggest that institutional investor initiatives directed at confidential voting are not a fruitful allocation of investors' resources.
Author | : Patrick S. McGurn |
Publisher | : |
Total Pages | : 134 |
Release | : 1989 |
Genre | : Law |
ISBN | : |
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Author | : Henry M. Robert III |
Publisher | : PublicAffairs |
Total Pages | : 848 |
Release | : 2020-08-25 |
Genre | : Business & Economics |
ISBN | : 9781541797710 |
Download Robert's Rules of Order Newly Revised, 12th edition Book in PDF, ePub and Kindle
The only current authorized edition of the classic work on parliamentary procedure--now in a new updated edition Robert's Rules of Order is the recognized guide to smooth, orderly, and fairly conducted meetings. This 12th edition is the only current manual to have been maintained and updated since 1876 under the continuing program established by General Henry M. Robert himself. As indispensable now as the original edition was more than a century ago, Robert's Rules of Order Newly Revised is the acknowledged "gold standard" for meeting rules. New and enhanced features of this edition include: Section-based paragraph numbering to facilitate cross-references and e-book compatibility Expanded appendix of charts, tables, and lists Helpful summary explanations about postponing a motion, reconsidering a vote, making and enforcing points of order and appeals, and newly expanded procedures for filling blanks New provisions regarding debate on nominations, reopening nominations, and completing an election after its scheduled time Dozens more clarifications, additions, and refinements to improve the presentation of existing rules, incorporate new interpretations, and address common inquiries Coinciding with publication of the 12th edition, the authors of this manual have once again published an updated (3rd) edition of Robert's Rules of Order Newly Revised In Brief, a simple and concise introductory guide cross-referenced to it.
Author | : Jay W. Eisenhofer |
Publisher | : Wolters Kluwer |
Total Pages | : 1458 |
Release | : 2005-01-01 |
Genre | : Business & Economics |
ISBN | : 0735557004 |
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Shareholder Activism Handbook is the single most comprehensive guide on all matters relating to enforcing shareholders' rights. As shareholder activism becomes a more integral part of investing, the law continues to respond accordingly. Legislators
Author | : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance |
Publisher | : |
Total Pages | : 88 |
Release | : 1989 |
Genre | : Proxy |
ISBN | : |
Download Corporate Proxy Voting System Book in PDF, ePub and Kindle
Author | : Hazard |
Publisher | : Wolters Kluwer |
Total Pages | : 2774 |
Release | : |
Genre | : |
ISBN | : 1454812087 |
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The Law of Lawyering shows how to approach concrete problems that arise in everyday practice while staying within the letter and spirit of the ABA Model Rules of Professional Conduct. It provides the full text of each Model Rule provision in sequence, followed by the authors' guidance and commentary, which put the rule into context, help identify its key features, and show its relation to other Rules and the ALI's Restatement of the Law Governing Lawyers. Clear, realistic examples demonstrate how each Rule applies in practice. Substantially revised in this two-volume Fourth Edition to reflect the recent revisions of to the Model Rules of Professional Conduct, this essential book reflects the latest developments in the law governing lawyer conduct, not only lawyer discipline, but also legal malpractice, suits for breach of fiduciary duty, fee-dispute litigation and fee forfeiture, and disqualification of counsel for conflict of interest.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 78 |
Release | : 2011-07-01 |
Genre | : |
ISBN | : 9264116052 |
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This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.
Author | : R. Franklin Balotti |
Publisher | : Wolters Kluwer |
Total Pages | : 1010 |
Release | : 1995-01-01 |
Genre | : Business & Economics |
ISBN | : 1567062768 |
Download Meetings of Stockholders Book in PDF, ePub and Kindle
Annotation In one comprehensive volume, you get all the information & guidance necessary to advise, plan, & run corporate shareholder meetings efficiently & effectively including up-to-date coverage of the latest SEC rules & regulations, recent DOL interpretations concerning institutional investors, case law developments, & emerging trends in shareholder actions. Comprehensive, authoritative, & practical, MEETINGS OF STOCKHOLDERS covers every key topic relating to stockholder meetings, from the laws & regulations to the mechanics of running the meeting, including: Selection of the meeting location Preparation of the chair & officers Creating an agenda Meeting notice requirements The right to inspect the shareholder list Statutory criteria for eligibility Preparing proxy materials Proxy eligible securities Disclosure requirements Institutional investor issues Handling shareholder proposals Personal claims & grievances Exceptions to Rule 14a-8, rules governing meeting conduct Dealing with the disorderly stockholder Voting rights of shares & stockholders Quorum, counting & reporting the vote Tabulation of proxies Action by written consent Defensive strategies to defeat shareholder consent solicitations Director removal problems And more.
Author | : United States. Congress. House. Committee on Financial Services. Subcommittee on Capital Markets and Government Sponsored Enterprises |
Publisher | : |
Total Pages | : 444 |
Release | : 2013 |
Genre | : Investment advisors |
ISBN | : |
Download Examining the Market Power and Impact of Proxy Advisory Firms Book in PDF, ePub and Kindle
Author | : Investment Company Institute (U.S.) |
Publisher | : |
Total Pages | : 168 |
Release | : 1962 |
Genre | : Investments |
ISBN | : |
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