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For a rule change to pass, the majority of commissioners must vote for it. Hester Peirce, the other Republican commissioner, told Reuters she had “not come to any conclusions” on the issue and would need to review all the industry comments before doing so. The proposal is still on the agency’s official long-term agenda, but has fallen off a list of its 12-month priorities drawn-up in March. While some senior SEC officials would like to reprise the rule, this is unlikely to happen under the current administration, the people said.

Clayton declined to comment, Tim Goodman, director at Hermes EOS, the stewardship arm of Hermes Investment Management which advises clients with $464 selfridges cufflinks billion of assets, says the current U.S, system causes “practical difficulties for shareholders, including ourselves, who have to take account of the time and cost of attending the meeting in person.”, Goodman said that Hermes, which votes on behalf on clients who invests in more than 10,000 companies globally, would vote for different directors in some U.S, board fights if the rules were changed..

Kai Liekefett, head of the shareholder activism practice at law firm Sidley Austin LLP, said in several recent proxy fights, including the high profile contests at Automatic Data Processing (ADP.O) in 2017 and DuPont in 2015, several large institutional investors were interested in voting for both activist and management candidates, but were not able to do so under the current system. While investors say they are losing out, business groups, most notably the U.S. Chamber of Commerce, have lobbied to preserve the status quo. The influential group has argued the new rule would increase fights, balkanize boards, and discourage listings, according to a public letter.

But investors selfridges cufflinks and groups representing pension funds cite academic evidence disputing the notion it would favor activist investors and prompt more fights, A Harvard Law School study of contests between 2001 and 2016 found that a mix-and-match ballot did not favor special interests or spark more fights, In some cases, it could even favor the management, For example, New Jersey-based Destination Maternity (DEST.O), which had its entire board ousted after losing a shareholder vote in May, would have seen some management nominees keep their seats had investors been able to choose from both slates of candidates, according to people familiar with the vote..

In fact, even without an SEC mandate, some companies adopt a universal proxy when they fear activist campaigns to replace their entire board are getting traction, because that way they can try to have some of their nominees voted through. Investors said they are not giving up. Chris Phillips, director of institutional relations at the Washington State Investment Board, said he met Peirce in March to try to persuade her to back the rule change. “Requiring physical attendance at many shareholder meetings in order to exercise such votes is impractical and antiquated,” Phillips told Reuters in an email.

NEW DELHI/SINGAPORE (Reuters) - Indian airline Vistara has placed firm orders for six Boeing Co (BA.N) 787 jets and 13 Airbus SE (AIR.PA) A320neos valued at $3.1 billion at list prices, as it looks to add more domestic flights and launch international routes later this year, The order for Boeing’s 787s marks a new setback for Airbus in an intense battle for widebody orders as the European planemaker seeks to strengthen the order book for its upgraded A330neo passenger jet, Boeing posted figures on Tuesday showing a significant lead in new orders over its European rival, buoyed by demand for selfridges cufflinks the 787 following a series of showdowns against the A330neo..

Airbus said last week it saw good demand for the upgraded jet and is expected to announce orders soon. The Farnborough Airshow, which typically attracts large numbers of airline orders, will be held in Britain next week. Vistara joins rival Jet Airways (JET.NS) and low-cost carriers IndiGo and SpiceJet (SPJT.BO) that have plans to grow their international operations to offset a highly competitive, price-sensitive domestic market. “India’s position as the world’s fastest growing domestic aviation market and its impressive growth in air passenger traffic that has more than doubled over the last decade makes us confident of our aggressive plans for domestic expansion and international foray,” Vistara CEO Leslie Thng said in a statement on Wednesday.

The joint venture between India’s Tata Sons Ltd and Singapore Airlines Ltd (SIAL.SI), said selfridges cufflinks it would procure another 37 A320neos from leasing companies and also had purchase rights over 4 more 787-9s and options over 7 more A320neos, The purchased and leased Airbus jets, fitted with CFM International LEAP engines, will be delivered between 2019 and 2023, The Boeing jets, to be powered by GE (GE.N) engines and used for medium and long-haul flights, are expected in 2020 and 2021, There is huge potential for international travel from India, where the domestic aviation market has grown about 20 percent annually in recent years..



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