Shareholder Voting Rights. With respect to the Foreign Securities held pursuant to this Section 4, the Custodian shall use reasonable commercial efforts to facilitate the exercise of voting and other shareholder rights, subject always to the laws, regulations and practical constraints that may exist in the country where such securities are issued. Each Fund acknowledges that local conditions, including lack of regulation, onerous procedural obligations, lack of notice and other factors may have the effect of severely limiting the ability of such Fund to exercise shareholder rights.
Shareholder Voting Rights. All shareholder votes shall be decided by a simple majority. For so long as any minority shareholder of EFX Brasil maintains a Minimum Ownership, the following matters shall require the affirmative vote of a majority of shares held by minority shareholders in addition to approval by a simple majority:
Shareholder Voting Rights. Shareholders shall be entitled to cast votes by reference to the number of Shares they hold that have voting rights. Xxxxxxxx Xxxxx Joint Venture and Shareholders Agreement 26
Shareholder Voting Rights. Shareholder voting rights have been the primary indicator of investor protection in the quantitative literature. These data refer to the ease and efficacy with which shareholders can voice their preferences through the shareholder meeting. Shareholder meetings are organized gatherings in which shareholders can receive information about a companies business situation and vote on proposals that have been suggested by the board of directors, managers or shareholders. Shareholders meetings are typically held once a year at an annual general meeting (AGM), though pressing matters, such as the issuance of new equity, consideration of takeover bids, or mid-year reorganization of the corporate board may warrant calling an extraordinary general meeting (EGM). When shareholders have voting rights that amplify their power within the firm, they are better able to act as a check on managerial self-dealing. Many papers, most notably La Porta et al. (1997 1998), have demonstrated that these indicators correlate with better capital market performance. The dependent variable used most commonly to capture the extent of shareholder voting rights comes from La Porta et al.'s (1998) dataset. This variable draws on survey responses by market professionals in 47 countries and notes, in a single, cumulative index the presence or absence of six key shareholder voting rights in 1997.. These six rights include (1) whether proxy voting by mail is allowed; (2) whether shares are not blocked before a shareholder meeting, (3) whether cumulative voting for directors is allowed, (4) whether oppressed minorities are protected, (5) whether the share capital required to call an extraordinary shareholder meeting is less than 10 percent, and (6) whether shareholders have pre-emptive rights at new equity offerings. Higher values on the shareholder rights index denote higher corporate governance standards. Before moving on, it is worth explaining each constituent part of La Porta el al.'s index.
Shareholder Voting Rights. No Shareholder has any voting or consenting right except with respect to those matters specifically reserved for a Shareholder vote or consent which are set forth in this Agreement or as required by the CO. Whenever the vote or consent of Shareholders is permitted or required under this Agreement, such vote or consent may be given in person at a meeting, by a duly authorized representative, in writing, by facsimile or by comparable electronic transmission (to be followed by original signatures, if necessary or desired). Unless otherwise expressly provided in this Agreement or by the CO, Shareholders who have an interest (economic or otherwise) in the outcome of any particular matter upon which the Shareholders vote or consent, may vote or consent upon any such matter and their vote or consent, as the case may be, shall be counted in the determination of whether the particular matter is approved by the Shareholders. The Shareholders shall be entitled to vote or consent in a manner consistent with their own interests when such interests are not, or may not be, consistent with the interests of the Company or the Shareholders as a whole.
Shareholder Voting Rights. Each Family Member Shareholder shall vote his Shares in accordance with the instructions of the Controlling Shareholder of his Family Group on all corporate matters requiring Shareholder approval under the Company's Articles, Bylaws or applicable law.
Shareholder Voting Rights. Holders of the Corporation’s capital stock shall have such voting rights as are granted in the Articles and the DGCL. Except as otherwise required by the DGCL or the Articles, all elections shall be had and all questions decided by a majority vote of the shares represented at the meeting in person or by proxy. There shall be no cumulative voting. Action by Less than Unanimous Written Consent. Any action required or permitted by the DGCL to be taken at an annual or special meeting of the Shareholders may be taken without a meeting, without prior notice, and without a vote, if consents in writing, setting forth the action so taken, are signed by the holders of outstanding shares having not less than the minimum number of votes that would be necessary to authorize or take the action at a meeting at which all shares entitled to vote on the action were present and voted. A written consent shall bear the date of signature of the Shareholder who signs the consent. Written consents are not effective to take corporate action unless within sixty (60) days after the record date for determining Shareholders entitled to express consent to or to dissent from a proposal without a meeting, written consents dated not more than ten (10) days before the record date and signed by a sufficient number of Shareholders to take the action are delivered to the Corporation. Delivery shall be to the Corporation’s registered office, its principal place of business, or an officer or agent of the Corporation having custody of the minutes of the proceedings of the Shareholders. Delivery made to the Corporation’s registered office shall be by hand or by certified or registered mail, return receipt requested. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to Shareholders who would have been entitled to notice of the Shareholder meeting if the action had been taken at a meeting and who have not consented to the action in writing. An electronic transmission consenting to an action must comply with the DGCL.
