Scott-Barrett's departure comes as a small surprise since ABN's activist shareholder The Children's Investment Fund (TCI) had been braying for the head of Chief Executive RijkmanGroeninkRijkman Groenink, while Dutch shareholders rights group VEB had also said the chief's position was untenable.
Scott-Barrett's departure comes as a small surprise since ABN's activist shareholder The Children's Investment Fund (TCI) had been braying for the head of Chief Executive Rijkman Groenink , while Dutch shareholders rights group VEB had also said the chief's position was untenable.
The PSPD is known for fighting against the chaebol for minority shareholders' rights.
Foreign investors the most demanding constituency where shareholders' rights are concerned have been applauding.
Current shareholders' rights for going after third parties that aid or abet corporate fraud are not as clearly defined as one would think.
But in this case, it was Ong who was fighting for shareholders' rights and a Singapore government entity that was pushing the merger.
Miyauchi likes to talk of things like shareholders' rights and customer satisfaction, concepts that normally concern Western managers much more than Japanese ones.
The collapse of Enron and WorldCom revealed serious structural problems: too much power for imperial executives, too few independent directors, too little concern for shareholders' rights.
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Though still-buoyant oil prices bode well for government revenues, concerns are growing that Mr Putin is quite prepared to play fast and loose with shareholders' rights.
"As evidenced by the recent events within SK Group in Korea, it is clear that there is an aspect of shareholders' rights that needs to be further addressed, " he said.
Instead, they say, the new group should be allowed to operate in a normal commercial manner, with all shareholders having the same rights.
In addition to this, a majority control in many companies is held by governments or families that are often unwilling to sell their stakes or give voting rights to shareholders.
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Why is it so difficult for shareholders to successfully assert their rights?
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And if the dismemberment of Yukos is any guide, Mr Putin's crowd does not have an especially high regard for the rights of minority shareholders.
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It exists to stop shareholders enjoying their full ownership rights by threatening, if triggered, to dilute the value of those shares in certain circumstances specified by a firm's board.
According to Wolk, the prior legal efforts by some shareholders of Stan Lee Media to pursue ownership rights of the superhero characters were stymied because the claims were brought derivatively, with minority shareholders of Stan Lee Media trying to stand in the shoes of the company without its authorization, against both Marvel and Lee.
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It also claimed that the Bakrie family would then seek to enforce its rights under an existing shareholders' agreement, by litigation if necessary.
The big beneficiaries are current Sears shareholders, who were given subscription rights that allowed them to buy 0.21 of a share at 15 per whole share.
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In February he proposed that the government set up a regulatory body called the Hong Kong Association of Minority Shareholders, which would protect the rights of investors (the proposal is under study).
There was never a rights offering for existing shareholders at low prices so that the loyal holders could participate in some way in the recovery while raising cash for the company.
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Shareholders duly signed up to the rights issue, and by the end of that year, not only had the chief executive lost his job, but they'd lost about 90% of their shares' value.
The distribution of power between shareholders remains highly skewed in France, however: 68% of the largest 200 companies have some form of double voting rights that allow big shareholders to wield disproportionate influence.
In the meantime, the Special Committee at Clearwire has apparently done NOTHING to defend the rights of the minority shareholders of Clearwire in getting fair or anything approaching fair value for their shares.
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When minority shareholders are legally protected, as they are in Sweden, with strong rights to block certain decisions with a minority vote at shareholders' meetings, it becomes more advantageous to have large owners nominate the directors.
But in the case of Cole and many other nontraded REITs shareholders are passive investors without such voting rights.
Third, Porsche was counting on the repeal of the so-called Volkswagen Law that restricts individual shareholders to 20% of the voting rights, regardless of the number of shares they own, and gives the state of Lower Saxony a veto on major decisions.
Comic writer Lee assigned the rights to his superhero characters to Marvel in 1998, but after Stan Lee Media collapsed, minority shareholders of the company claimed that Lee had previously assigned those rights in a written agreement to a predecessor company of Stan Lee Media.
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If non-Brics members become shareholders, they may too get some voting rights in the proposed bank.
Another option would be a rights issue, in which existing shareholders would be offered new shares at a discount.
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