| Title: | Ceridian Corporation (M&A Insight Note) |
| Price: | $100.00 |
| Publication Date: | Sep 07, 2007 |
| Company: | Ceridian Corporation |
| Report Type: | M&A Insight Note |
| Brief Excerpt: | ...On Sept. #, we issued an analysis and vote recommendation on the current Ceridian (CEN) proxy fight with Pershing Square. We recommended CEN shareholders support two dissident nominees (Bill Ackman and B ob Levenson) on the dissident s green card. The CEN vote highlights one of the weaknesses of the current voting regime as it applies to proxy fights. The law holds that the last ballot submitted is the vote that counts. Shareholders who want to split their votes by backing nominees from both the incumbent and dissident slates normally are faced with a difficult choice becau se of the Byzantine web of rules, regulations and gatekeepers governing elections. Shareholders basically have three choices: (#) Vote for one slate or the other in its en tirety. This choice, however, does not give effect to the shareholder s desire to split the vote. (#) Write in a candidate on the opposing car d. Unless specifically authorized by the company, however, this choice risks... |
| Word Count: | 1437 |
| Length: | 3 Pages |
| Ticker: | CEN |
| Related Report(s): | - Ceridian Corporation (Corporate Governance Quotient (CGQ)): $250.00
...The board is controlled by a supermajority of independent outsiders (independent outsiders greater than ##%) The nominating committee is comprised solely of independent outside directors The compensation committee is comprised solely of independent outside directors The company has a committee that oversees governance issues and the committee met in the past year The full board of directors is elected annually There are between ## and ## directors serving on the board The CEO serves on the boards of two or fewer other companies No former CEO of the company serves on the board Chairman and CEO are separated and Chairman is an independent outsider The company has governance guidelines that have been publicly disclosed on company website The performance of the board is reviewed regularly Outside directors meet without the CEO present and the number of meetings of the outside directors is specified A board approved CEO succession plan is in place Board... - Ceridian Corporation (M&A Insight Note): $100.00
...Please note: ISS today issued a vote r ecommendation on the Ceridian (CEN) proxy fight. M&A Insight ...
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