AGM resolutions - insert or renew the proportional takeover provisions in the company's constitution
If you've been following events at Cardno this week, you've probably developed a new sense of appreciation for the importance of proportional takeover provisions in a company's constitution. The resolution to adopt or renew the proportional takeover provisions in the constitution features routinely on AGM meeting agenda. Yes, it includes a lot of boilerplate disclosure. This note explains more about this constitutional resolution (VIEW LINK) We usually recommend shareholders vote for the inclusion of these provisions within a company's constitution. And note: the resolution to include or renew the proportional takeover provisions within the constitution is a special resolution, requiring at least 75% of the votes cast to be for the resolution.
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With a background in human resources, executive search and corporate law, Kym Sheehan brings unique perspectives on corporate governance and meeting resolutions to her work for The Executive Remuneration Reporter. The Executive Remuneration...
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