Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
Royal Caribbean shareholder supports board declassification

Awilhelmsen AS, the largest shareholder of Royal Caribbean Cruises Ltd, announced yesterday that it would vote its shares in favor of a shareholder proposal to eliminate classification of the Royal Caribbean Board of Directors and in accordance with a recommendation of Institutional Shareholder Services. 

Source:
Date:
Updated:
RTTNews
Friday, May 17, 2013
Friday, May 17, 2013

Awilhelmsen AS, a largest shareholder of Royal Caribbean Cruises Ltd. (RCL: Quote), announced Thursday that it would vote its shares in favor of a shareholder proposal to eliminate classification of the Royal Caribbean Board of Directors and in accordance with a recommendation of Institutional Shareholder Services or “ISS”.


Awilhelmsen said it would cast its votes at the May 22, 2013 RCL annual meeting.

Awilhelmsen is a founding shareholder of Royal Caribbean and owns approximately 19.1% of the company’s shares. The proposal reflects a growing corporate-governance trend away from classification of Boards of Directors. Awilhelmsen believes that Royal Caribbean shareholders would be better served by a board whose members are elected annually.

Royal Caribbean Cruises Ltd has announced that its vice chairman and chief financial officer, Brian Rice (pictured, left), will transition some of his responsibilities to new CFO Jason Liberty, as he prepares for his retirement in the Spring of 2014.

Morgans Hotel Group Co (NASDAQ: MHGC), which has a partnership with Baha Mar in The Bahamas, today provided clarification regarding statements made in a filing submitted by The Yucaipa Companies. The reference in the Yucaipa filing was to a letter received in November 2012 from a large international hotel company proposing to acquire all of the company's outstanding common stock for $7.50 per share in cash.

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD