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NYSE Releases Final Shareholder Approval Requirements for Equity Compensation Plans (PDF)
FW Cook
July 8, 2003 6 pages. Excerpt: The final rules shift the balance of power regarding share dilution away from the Board of Directors in favor of shareholders by confirming several expected changes to existing provisions, including elimination of historic exemptions from the shareholder-approval rules applicable to 'broadly-based' plans and the use of Treasury shares, as well as requiring shareholder-approval of all repricings. MORE >> |
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