Ecuador has yet to publicize the remuneration fee it would be willing to pay the foreign firms in new service contracts, but one draft agreement calls for the state to retain at least 25 percent of gross income from extracted oil sales.

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Even with the music labels as minor partners, and a proven business model in a number of territories, US listeners were locked out of the service until the lawyers for the American divisions of the shareholders checked over the pricing and remuneration.

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According to research by the proxy voting service Manifest, if abstentions are counted as votes against, then some 67 FTSE100 companies would have lost the remuneration vote on a 75% threshold since the advisory vote was introduced a decade ago.

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