ARTICLES RELATING TO SHAREHOLDER

Fall in the lawyers

2011-05-19 00:00

As observed several weeks ago in Finweek’s theSPECtacle column, proposals to remove four directors from the board of Command Holdings were likely to have the sympathy of a good many minority shareholders. Minority frustrations at Command – the only security services company on the JSE – are completely understandable...

Are they worth it?

2010-06-10 00:00

When Standard Bank proposed a R7,5m golden handshake for former chairman Derek Cooper it couldn’t have imagined shareholders might oppose what it regarded as a perfectly reasonable ex gratia payment for services rendered. As it turned out, almost 41% of shareholders opposed the payment at the bank’s AGM in May. Though too few to alter the decision of the board, it was a significant enough protest vote to act as a warning to other companies that shareholders are becoming more reactive about pay i

 

A bazaar of errors

2011-05-12 00:00

Like a good corporate citizen, Anglo American has admitted in the corporate confessional that shareholder activist Theo Botha had the correct form of proxy and should have been admitted to its AGM in London on 21 April. But the giant mining group isn’t quite telling the full story or accepting responsibility.

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