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Taseko adopts new shareholders' vote policies and will add two new independent directors
Taseko adopts new shareholders' vote policies and will add two new independent directors ...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nTaseko adopts new shareholders' vote policies and will add two new independent directors\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nTaseko adopts new shareholders' vote policies and will add two new independent directors\nCanada NewsWire\nVANCOUVER, Feb. 29, 2016\n\n\n\nVANCOUVER, Feb. 29, 2016 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE MKT: TGB) (\"Taseko\" or the \"Company\") announces that the Board of directors of Taseko, after engaging with certain larger shareholders, has approved two additions to the Company's Corporate Governance Policies and Procedures Manual.  These changes will give shareholders a greater say on the Company's relationship with Hunter Dickinson Inc. (\"HDI\"), a long-time services provider with which Taseko has certain directors and shareholders in common. Taseko has also committed to add two new independent directors to the board in the near term.\n\nThe Governance Manual, which is available on Taseko's website, sets out detailed policies and procedures for Taseko's corporate governance, including governance procedures involving HDI. The Governance Manual is a regularly updated document which has been in place for many years, and was last updated on May 4, 2015. Even prior to these new voting procedures, the Governance Manual required that directors who are independent of HDI determine whether investments involving HDI are appropriate, and that Taseko directors who are also directors of HDI recuse themselves from any such decisions.\n\nDetails on New Shareholder Voting Rights\n\nTaseko has amended the Governance Manual to provide Taseko shareholders with a right to vote in two additional situations:\n\n\nTwo advisory say-on-pay resolutions will be presented annually to shareholders with respect to both executive compensation, as well as fees paid to HDI and its affiliates; and \nApproval by a majority of disinterested shareholders will be required for any future acquisitions or dispositions in which HDI or any party related to HDI has a financial interest.\nThe Company's annual proxy circular will include detailed disclosur...