Crest has taken the lead in defending the minority shareholder group but avoiding speaking for the class.
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Roby Tschopp, head of shareholder group Actares, had described the pay-off as "scandalous".
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Among the selling shareholder group are investors Greylock Partners, Bessemer Venture Partners and Bain Capital, as well as an assortment of insiders and directors.
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In exchange for the clarifications, the shareholder group withdrew proxy proposals that called on the banks to broaden the scope of their policies, hold managers and supervisors accountable to clawbacks, and publicly disclose clawbacks.
"Even if you exert yourself to police the market, the chance that you could compromise yourself will always be there, " says David Gerald, head of the Securities Investors Association of Singapore, Asia's largest shareholder group.
"It looks like an extremely cheap attempt by ExxonMobil to buy a shield from criticism, " said Peter Altman, national coordinator of Campaign ExxonMobil, a US shareholder group trying to influence the company's positions on the environment.
By that time, Apple had already set in motion the proposed changes, after inviting in shareholder advisory group ISS to review its corporate governance in mid-March, after last year's shareholder meeting.
Shareholder action group Pirc has written to the Financial Times, asking that John Griffith-Jones step down from the FCA while KPMG's role is probed.
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Malaysia formed a minority-shareholder watchdog group in 2001, and Thailand initiated the Shareholders' Association last year, at the urging of their governments and securities regulators.
But shareholder support group ShareSoc urged Faroe stakeholders to vote against the scheme, claiming it would encourage a focus on the short-term share price instead of the fundamental strength of the business.
For a while now, this attack has had the look of a concerted plan to leave the company's main shareholder, Group Menatep (which holds more than 60% of Yukos and which is in turn controlled by Mr Khodorkovsky), with less than a 25% blocking stake, if any at all.
As for Commerzbank, major shareholder Cobra investment group has already indicated that the end of the merger will almost certainly mean a cross border deal for its subsidiary.
Three years later its largest shareholder, Voyager Group, notified the SEC that CTC, which had been delisted from the bulletin board, had failed to provide current financial information and that it had removed its Chinese directors.
The Jean Coutu Group is the largest shareholder in Rite Aid, which purchased Coutu Group's U.S. subsidiary in 2007, but has been whittling down its holding in the U.S. drugstore chain.
Strategic growth is now subject to potentially devastating government enforcement, which can either trigger or be triggered by related shareholder or public interest group legal actions.
Next they proposed to scotch Mittal by merging with Severstal, an opaque metals firm controlled by a Russian tycoon who, without launching a bid, was to become the dominant shareholder of the combined group.
The deal would make the New York-based group the largest shareholder with 40%, Hicks and Gillett each falling to 30%.
Peltz merged his holding company, Triarc, with burger chain Wendy's in 2008 and remains a major shareholder and chairman of the group.
Another powerful influence is Institutional Shareholder Services, a corporate governance group.
Then, Safeguard Scientific, the largest shareholder in holding company Internet Capital Group, announced that it would no longer invest directly in B2B commerce companies.
Nearly half its investor base hails from the United States, while Diageo also boasts Capital Group as its biggest shareholder with a 5.8% stake.
Luxor Capital Group LP, a large shareholder that previously suggested changes to management, was uninvited to the lunch, according to court papers filed this week by Luxor as part of a lawsuit against CommonWealth's management.
It is owned by Associated Group, controlled by longtime TCI shareholder Myles Berkman.
The person or small group with ultimate operational responsibility for shareholder value creation, typically the CEO or President, must legitimately desire reliable analytical knowledge of the business.
Huge insurance group Allianz is a 21% shareholder in Dresdner and stood to make an excellent side deal out of the aborted merger with Deutschebank back in March.
He is also the biggest shareholder in France's fourth-biggest industrial group, Suez Lyonnaise des Eaux, with about 11.5%.
One of News Corp's investors, Christian Brothers Investment Services, said the media group had to do much to secure shareholder backing for any switch.
"It was roughly a one hour flight, and the last communication from them was 30 minutes into the flight, " said Brian Thornton, a spokesman for Talbot Group, which is a major Sundance shareholder.
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