Lions Gate Shareholders Overwhelmingly Approve Proposal Calling On Board To Adopt One-Share, One-Vote Governance Structure
Portfolio Pulse from Benzinga Newsdesk
Shareholders of Lions Gate Entertainment Corp. have voted in favor of a proposal for the company to adopt a one-share, one-vote governance structure. Investment firm Neuberger Berman has called on the board to heed the shareholders' decision and adjust the plan of arrangement regarding the company's intended business separation.
November 30, 2023 | 2:31 pm
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Lions Gate Entertainment Corp. shareholders have approved a change to a one-share, one-vote structure, which could influence the company's governance and the planned business separation.
The approval of a one-share, one-vote governance structure by Lions Gate shareholders suggests a push for more equitable voting rights, which could lead to changes in corporate governance and affect investor sentiment positively in the short term. As Neuberger Berman is advocating for the board to act according to this mandate, it indicates strong shareholder support for the change, which could be seen as a positive development by the market.
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