The MobileSpan Gateway is a central server application that acts as a transparent browser and document proxy on the corporate network.
He spent much of the summer and fall meeting with corporate-governance experts at proxy-advisory firms as well as 20 Citigroup investors representing more than 30% of the company's shares outstanding.
Judging by the large sums of outside money that have poured in from political action committees, unions and big corporate donors, it is widely seen as a proxy war over the future of the unions.
"There are numerous examples of proxy proposals that combine multiple changes to a single corporate document, including elimination of the 'blank check' authority to issue preferred stock, " Apple stated.
The measure's supporters say that proxy votes are the most direct way to influence corporate governance, and that investors have the right to know whether a fund manager has voted in their best interests.
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Once a mobile user is authenticated through the Workspace and Gateway, the proxy runs as an authenticated user sitting at a desk inside the corporate network would run.
Grundfest thinks that in the near future, individual directors will face more scrutiny from the press, and shareholders will use their voting power to influence corporate governance rather than shell out millions of dollars to litigate or wage proxy campaigns.
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Such a view is not surprising, given her background: she has worked since 1986 with Bob Monks, one of America's best-known champions of better corporate governance, setting up Institutional Shareholder Services, which advises big institutions on casting proxy votes.
Since then, Yang has helped nix a takeover over from Microsoft, overseen the launch of a pair of efforts that have yet to counter Google's edge in search advertising and caved to Carl Icahn's threat of a proxy fight by giving up three seats on Yahoo's board to the corporate raider.
So far in 1999, says Pat McGurn of Institutional Shareholder Services, which provides institutional investors with proxy analysis, disaffected shareholders have already won a vote in six contests to put their candidates on corporate boards but reached a favourable settlement in 25 more.
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