
In a big company like Ford, every one is entitled with the right to express his/her own initiatives, the right to choose independently, and the right to be heard by the people. And I think this is one reason why companies are progressive because they never stand alone.
Take for example a Volvo V70 model, it won’t run a mile without the significant role played by small or major V70 parts or its Volvo fuel pumps, right? But with the best and reliable auto parts, expect that it’ll endure a thousand mile drive across the borders. This is a lot like the companies - its all about teamwork and unity. And in this sense, voting results have been officially in during the 2007 Annual Meeting Shareholders of Ford Motor Company. Check this out!
The votes are finally in! The Ford Motor Company's 52nd Annual Meeting of Shareholders took place last May 10, 2007 at Hotel du Pont which is located in Wilmington, Delaware. A total of 79 delegates were present during the said event and the results of the preliminary voting shows that 1,560,296,500 is the sum of the total common stock shares while 70,800,728 is the number of the Class-B shares that were signified in person or by a substitute. 91.3 percent of these shares personified the votes.
Here are some of the proposals which were discussed and voted on during the mentioned meeting.
Proposal 2: Relating to the ratification of the selection of PricewaterhouseCoopers LLP as Ford's independent registered public accounting firm for 2007.
For: 98.04 percent
Against: 1.96 percent
Abstain: 1.95 percent
Proposal 3: Relating to disclosure of certain compensation paid to executive officers.
For: 9.80 percent
Against: 90.20 percent
Abstain: 0.92 percent
Proposal 4: Relating to the Company reporting adopting quantitative goals for reducing total greenhouse gas emissions from the Company's products and operations.
For: 14.12 percent
Against: 85.88 percent
Abstain: 3.97 percent
Proposal 5: Relating to allowing holders of 10% of common stock to call special shareholder meetings.
For: 19.71 percent
Against: 80.29 percent
Abstain: 1.25 percent
Proposal 6: Relating to consideration of a recapitalization plan to provide that all of the Company's outstanding stock have one vote per share.
For: 27.44 percent
Against: 72.56 percent
Abstain: 1.20 percent
Proposal 7: Relating to the Board of Directors publishing a report on global warming/cooling.
For: 3.62 percent
Against: 96.38 percent
Abstain: 4.02 percent
Proposal 8: Relating to the Company removing references to sexual orientation from its equal employment policies.
For: 4.25 percent
Against: 95.75 percent
Abstain: 2.07 percent
Proposal 9: Relating to the Company adopting a policy that a minimum of 75% of future equity compensation awarded to senior executives be performance-based.
For: 9.01 percent
Against: 90.99 percent
Abstain: 1.22 percent
Proposal 10: Relating to the Company issuing a report on how it plans to position itself to address rising health care expenses without compromising the health and productivity of its workforce.
For: 6.57 percent
Against: 93.43 percent
Abstain: 4.00 percent