The external auditor is hired by the independent Audit Committee of the Board of Directors on behalf of the shareholders to present an unbiased and independent evaluation of the fair presentation of financial information by management.
Raymond wrote that the appointment of Real Madrid manager Jose Mourinho would be "a much safer appointment in the eyes of the United board and shareholders" while the appointment of Everton manager and bookmakers favorite, David Moyes, would "come with great risk" due to his lack of experience with big clubs.
Nasdaq has the agreement of the OMX board and several major shareholders, including the powerful Wallenberg family, which owns 11% of the business.
Usually the fate of corporate executives is the exclusive province of the shareholders and their elected representatives on the board of directors.
Ultimately one must ask whether Mr. William Ackman is the only member of the Board of Directors, or whether each member of the Board has an individual responsibility to shareholders that they have not exercised.
There is already pressure on the directors coming from both Glass Lewis and ISS. Glass Lewis on Tuesday advised against the reelection of the majority of the board members after ISS recommended that shareholders vote against three board members.
The Google board should inform shareholders about the cause and likely duration of Mr. Page's condition, according to Mr. Sonnenfeld, author of several leadership books.
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Reuters yesterday reported about about a group of JPMorgan Chase shareholders who have issued a proposal asking the Board of JPM to consider breaking up the bank in order to boost shareholder value.
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The Board of Directors has placed the interests of management above those of public shareholders.
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Wynn Resorts Ltd. on Tuesday forcefully defended its move to oust a major shareholder over the weekend, explaining the board acted out of an obligation to protect the casino company and its shareholders.
Mr Icahn called the management's move - which was not put to a shareholder vote - "an example of poor corporate governance", and criticised the fact that only a third of the company's board is up for election by shareholders each year.
The board also decided Severstal's offer was not in the best interests of shareholders and urged them not to sell their shares to the metals-and-mining company.
Instead, they're attempting to take control of the board without any compensation to shareholders.
The board of mining group Xstrata has recommended that shareholders back the merger terms offered by commodities trader Glencore.
But as time goes on, the board gets more worried about the uncertainty of completing the merger and the cost to shareholders if it allows the litigation to drag on.
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Mr. Nemer says the Cole Credit special committee that approved the transaction, and rejected the rival bid, was comprised of the board's three independent directors who had been approved by shareholders.
The institution's shareholders are the 27 member states of the EU, with its board of governors made up of national finance ministers.
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And, even though it is Deutsche's annual meeting tomorrow - and in spite of a "get on with it" letter to the board from some big shareholders organised by Hermes Equity Ownership Services - there is no sign of white smoke.
Mr Breeden also places big constraints on the freedom of management and board to act independently from shareholders.
"I have sufficient levels of support from shareholders and the board to continue running the company, " Sarin was quoted as saying.
Even though Aubrey is Darth Vader to shareholders, to the CHK board of corporate insiders, at the end of the day, he is still one of their own.
The funds then filed an SEC notice encouraging shareholders to withhold votes for the re-election of three board members.
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At companies owned by private equity, the board and the shareholders are one and the same: their directors are hardly under the thumb of managers.
"The board of Stockport County are working tirelessly to ensure the future of our football club, alongside other shareholders, " said the club in a statement.
We reiterate our demand that the Board of Directors pursue proposals that are more favorable to shareholders.
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We expect the Board of Directors to satisfy its fiduciary obligations to all shareholders and to consider superior alternatives that treat public shareholders fairly.
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Despite insisting he wants to agree a recommended deal with the LSE's board, the newspaper suggested he may pull out of the process and put an offer directly to shareholders instead.
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"The changes announced by the Morgan Stanley Board are deficient as they fail to allow shareholders to call a special meeting, " the group of eight said in a statement Sunday night.
The 42nd richest man in the world is asking Motorola shareholders to vote him to one of the eleven seats on the company's Board of Directors at the May 7 annual meeting.
Shareholders have lobbied the firm's board of directors for a radical makeover.
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