Abstention Response

From Open Risk Manual

Definition

Abstention Response. Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting.

If the voting right is not executed, it will not be added to the quorum. In this case the response should be "No Action". . SWIFT definition Vote expressed as abstain. In this case, the issuing company will add the number of shares to the quorum of the meeting. If the voting right is not executed, it will not be added to the quorum. In this case, code NOAC should be used. SWIFT Code: ABST

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This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.

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