Category: Shareholder Vote

Activists Looking to Gain More Power in Company Elections

New election rules imposed by U.S. regulators have many firms worried about shareholder activists becoming members of company boards. The Securities and Exchange Commission (SEC) recently finalized revisions to corporate director election rules by mandating that companies must provide shareholders voting through proxy a “universal ballot.” According to outgoing rules, shareholders voting via proxy (like…


Twitter Sets September Shareholder Vote on Elon Musk Buyout

DOVER, Del.—Twitter has set Sept. 13 as the date for its shareholders to vote on the company’s pending buyout by Tesla CEO Elon Musk. The company said in a regulatory filing on Tuesday that it is recommending shareholders vote for the $44 billion deal to be completed. The date is ahead of the yet-to-be specified…