01:57 Feb 17, 2012 |
Spanish to English translations [PRO] Law: Contract(s) | |||||||
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| Selected response from: Richard Hill Mexico Local time: 13:02 | ||||||
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4 +2 | aggregate/place their shares (in a voting trust) |
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Discussion entries: 3 | |
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aggregate/place their shares (in a voting trust) Explanation: or combine/pool their shares There are several reasons why shareholders may wish to put a voting trust arrangement in place. Several shareholders may wish to create a unified block of votes, which together gives them more power than the collective sum of their fragmented interests. In many countries, in order to call general meetings, shareholders need to hold a certain percentage of the issued shares of the company. By aggregating their shares, the shareholders can confer this power on themselves collectively where they might not have it individually. Locking shares up in voting trusts can in some countries help deter a hostile takeover. Voting trusts are also sometimes used to resolve conflicts of interest. By putting the shares in a trustee who can vote them at arm's-length from the beneficiary(ies) of the trust, this can in some circumstances mitigate or absolve the original shareholder from what might otherwise constitute a conflict of interest (although in practice, to resolve conflicts of interest the trust will ordinarily be "blind trust"; while all blind trusts are necessarily voting trusts, not all voting trusts are blind trusts). Shares are sometimes aggregated into a voting trust to facilitate a corporate reorganisation. Promoters of companies sometimes aggregate their shares in a voting trust to safeguard control of the company. http://en.wikipedia.org/wiki/Voting_trust Lo que se denomina sindicación de acciones es un compromiso que se realiza entre aquellos socios y/o accionistas de una entidad mercantil (S.A., S.L., S.A.D, etc) que tienen fines e intereses comunes, de manera que se comprometen a comparecer en los actos sociales, votar en las juntas de accionistas, promover acciones, etc todo ello de forma conjunta, con una sola voz y un solo voto. http://www.pornuestrobetis.com/index.php?option=com_content&... There are a few different reasons someone would want to utilize a voting trust. One of the most common is so that shareholders can combine their voting power in order to influence a company's decisions. Several investors might decide that they want to take over a company and will combine their shares into a single voting entity to accomplish this. http://www.finweb.com/investing/investing-101-the-voting-tru... According to the bilateral agreement, Sacyr-Vallehermoso and Pemex will syndicate their shares and vote together when significant decisions by Repsol Sacyr-Vallehermoso are considered. Read more: http://www.upi.com/Business_News/Energy-Resources/2011/09/02... Shareholders who own fewer than the minimum number of shares may pool their shares together with other shareholders to reach the 1,000-share threshold, with one person authorized in writing as their representative. http://www.caixabank.com/informacionparaaccionistaseinversor... |
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