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KT Rabin, chief executive of Glass Lewis, said the company has worked to address potential conflicts and new regulation was unnecessary, but that she was “going to this meeting with an open mind.”. Steven Friedman, ISS general counsel, said in a statement the company welcomed the opportunity to explain its process, adding its recommendations were unbiased tiffany cufflinks uk sale. One change sought by business groups would increase the amount of stock an investor must own to submit a proposal from the current minimum of $2,000 in most cases..

The Council of Institutional Investors said the group would not oppose indexing that threshold to inflation. An attempt to raise it dramatically, however, would be met with resistance, other investors told Reuters tiffany cufflinks uk sale. Another idea being pushed by business groups is raising the threshold for resubmitting proposals. Currently, proposals can be resubmitted indefinitely if they get more than 10 percent of the vote, a figure lobbyists want to raise to 30 percent. Some investors, however, worry a higher threshold would muffle legitimate shareholder concerns and lead to other damaging rule changes..

MOSCOW/LONDON (Reuters) – It was billed as the deal that proved Russia remained open for business. “I want to congratulate you”, Russian President Vladimir Putin told his trusted ally Igor Sechin, after greeting him with a warm handshake in the Kremlin in December, 2016. Sechin had just announced the sale to Qatar’s sovereign wealth fund and giant commodity trader Glencore of a 19.5 percent stake in Rosneft, the state oil giant that he runs. The 10.2 billion euro ($11.57 billion) privatization deal was designed to replenish Russia’s coffers, depleted by falling energy prices and Western sanctions tiffany cufflinks uk sale.

Some Russian officials hailed it as proof that despite growing political isolation from the West the country could still attract global investors. But now, nearly two years after the sale was first announced, nine sources with knowledge of the transaction have told Reuters that VTB, a Russian state-owned bank, itself financed a large share of the acquisition, undermining the deal’s stated aim to bring foreign money into the country tiffany cufflinks uk sale. Based on accounts from five of the sources, the value of the Russian loan to the Qatari sovereign wealth fund is around $6 billion..

VTB denied it issued a loan to the Qatari sovereign wealth fund, called the Qatar Investment Authority (QIA). “VTB has not issued and is not planning to issue a loan to QIA to finance the acquisition.”. VTB data for September published by the Russian central bank showed that VTB loaned 434 billion roubles ($6.7 billion) for up to three years to unnamed foreign borrowers after having raised 350 billion roubles via loans from the central bank itself tiffany cufflinks uk sale. VTB’s financial results, published on Nov. 8, showed that during the third quarter the volume of loans to its 10 biggest borrowers had gone up by 403 billion roubles, or approximately $6 billion..