CBOE Global Markets Inc. | Right To Act By Written Consent at CBOE Global Markets Inc.

Status
Filed
Previous AGM date
Resolution details
Company ticker
CBOE
Lead filer
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 Kingdom
Resolved clause
RESOLVED : Shareholders request that the board of directors take the necessary steps to permit written consent by the shareholders entitled to cast the minimum number of votes that would be necessary to authorize an action at a meeting at which all shareholders entitled to vote thereon were present and voting (without any unnecessary restriction based on length of stock ownership or the method by which Cboe Global Markets shareholders hold their CBOE shares). This includes shareholder ability to initiate any appropriate topic for written consent.
Supporting statement
Shareholders request that the board of directors take the necessary steps to permit written consent by the shareholders entitled to cast the minimum number of votes that would be necessary to authorize an action at a meeting at which all shareholders entitled to vote thereon were present and voting (without any unnecessary restriction based on length of stock ownership or the method by which Cboe Global Markets shareholders hold their CBOE shares). This includes shareholder ability to initiate any appropriate topic for written consent. Shareholders acting by written consent and calling for a special shareholder meeting are 2 means that shareholders of a company can use to put forth a proposal on a timely basis without waiting for the annual shareholder meeting. CBOE recently adopted a right for 25% of CBOE shares to call for a special shareholder meeting following a shareholder vote on a CBOE proposal on this topic at the 25% mark. However on the same ballot 44% of CBOE shareholders approved a proposal on the same topic but at the 10% mark. This 44% approval likely represented more than 50% approval from the CBOE shares that have access to independent proxy voting advice and who are the most informed shareholders on matters put to a vote. Shareholders whose 44% support was unanswered by CBOE may wish to direct their votes to this proposal because it is another means to put forth a proposal on a timely basis without waiting for the annual shareholder meeting. Shareholder proposals obtain good support at CBOE. For instance the 2025 Political Spending Disclosure proposal received 56% support at CBOE.

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.