Roper Technologies, Inc. | Power to call a special shareholder meeting at Roper Technologies, Inc.

Status
Omitted
AGM date
Resolution details
Company ticker
ROP
Lead filer
Individual
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Shareholder rights
Type of vote
Shareholder proposal
Filer type
Shareholder
Company HQ country
United States
Resolved clause
Shareholders ask our Board of Directors to take the steps necessary to amend the appropriate company governing documents to give the owners of a combined 10% of our outstanding common stock the power to call a special shareholder meeting or the owners of the lowest percentage of shareholders, as governed by state law, the power to call a special shareholder meeting. Such a meeting can be an online meeting.
Supporting statement
Roper Technologies (ROP) stock has been going up. To guard against the ROP Board of Directors becoming complacent shareholders need the ability to call a special shareholder meeting to help the Board adopt new strategies if the need arises. A shareholder right to call for a special shareholder meeting, as called for in this proposal, can help make shareholder engagement meaningful. A shareholder right to call for a special shareholder meeting will help ensure that the ROP Board and management engages with shareholders in good faith because shareholders will have a viable Plan B by calling for a special shareholder meeting. With the widespread use of online shareholder meetings it is much easier for management to conduct a special shareholder meeting for important issues and the ROP bylaws thus need to be updated accordingly. This proposal topic, as a shareholder proposal, received between 51% and 72% support each in 2024 at Jabil, Warner Brothers Discovery, ANSYS, Vertex Pharmaceuticals and DexCom.

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