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CGI Glass Lewis releases new white paper, “ASX Listing Rule 7.1A: Much to dilute about nothing?”

ASX Rule 300x388Continuing our tradition of contributing to the public debate about the practical applications of governance principles in the Australian market, CGI Glass Lewis is pleased to release a new white paper, “ASX Listing Rule 7.1A: Much to dilute about nothing?” in which we discovered an unexpected negative price signal from corporate requests for this authority, among other findings.

Glass Lewis Acquires IVOX

Glass, Lewis & Co., the leading independent provider of global governance services that help institutional investors understand and connect with the companies in which they invest, today announced the acquisition of IVOX, Germany’s leading independent provider of proxy advisory and governance services for institutional investors.

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Proxy Season Insider: Toyota Motor Co.

TSE: 7203 Meeting Date: 06/16/2015

Shareholders of Toyota Motor Corporation will consider and vote on a truly unique proposal at the forthcoming annual general meeting of the Japanese automobile titan: the creation and issuance of Class AA Shares.

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Proxy Season Insider: Cheniere Energy

NYSE: LNG Meeting Date: 06/11/2015

Cheniere Energy has had a somewhat strained relationship with its shareholders in recent years. While investors are likely pleased with the astronomical rise in the company’s stock price over the past five years, they certainly do not appear to be as receptive of the company’s generous compensation practices.

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Proxy Season Insider: Capcom Co., Ltd.

TSE: 9697 Meeting Date: 06/12/2015

Capcom’s 2014 annual general meeting made headlines as shareholders said “No” to the renewal of the Company’s takeover defense plan. With only 47.4% support, the Company was forced to discontinue the plan which had been in place since 2008. Despite last year’s results, it doesn’t look like the Company is backing down, as they will be seeking shareholder approval of the adoption of a new takeover defense plan at the upcoming annual meeting.