Board Directors Corporate With Shareholders In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0018-CR
Format:
Word; 
Rich Text
Instant download

Description

The Waiver of the First Meeting of the Board of Directors form is designed for corporate boards in Fairfax, allowing directors to formally waive the requirement of notice for their initial meeting. This form is crucial for ensuring that all board members are in agreement to proceed without a formal meeting, promoting efficiency in corporate governance. Key features include spaces for the names, signatures, and dates from each director, facilitating easy completion and record-keeping. Users should fill out the company name and ensure that all signatures are obtained before submission. This form is especially useful for attorneys, partners, and owners when establishing the operational framework of their corporation. Paralegals and legal assistants may assist in the preparation and organization of this document, ensuring compliance with corporate by-laws. Overall, it streamlines the process of establishing a board's initial meeting and fosters a collaborative environment among directors.

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FAQ

About Fairfax Financial Fairfax was founded in 1985 by the present Chairman and Chief Executive Officer, Prem Watsa.

Structure. Our companies are decentralized and run by the presidents except for performance evaluation, succession planning, acquisitions, financing and investments, which are done by or with Fairfax. Investing will always be conducted based on a long term value‑oriented philosophy.

Shareholders: Fairfax Financial Holdings Limited NameEquities% Prem Watsa 2.241 % 519,831 2.241 % Mercier Vanderlinden Asset Management NV 0.9097 % 211,030 0.9097 % Lee, Danner & Bass, Inc. 0.4517 % 104,793 0.4517 % Eric Salsberg 0.3494 % 81,060 0.3494 %1 more row

Major shareholders: Fairfax Financial Holdings Limited NameEquities% Mercier Vanderlinden Asset Management NV 0.9097 % 211,030 0.9097 % Lee, Danner & Bass, Inc. 0.4517 % 104,793 0.4517 % Eric Salsberg 0.3494 % 81,060 0.3494 % Capfi Delen Asset Management NV 0.3094 % 71,769 0.3094 %21 more rows

Founded in 1985, Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management. Fairfax's corporate objective is to achieve a 15% growth in book value per share over the long term.

Fairfax Financial CEO and chairman Prem Watsa commented: “Brian and Andy have worked together for nearly 35 years, the last 28 at Fairfax. Our expansive global (re)insurance operations will benefit greatly from their collective oversight.

Fairfax India Holdings Corporation is an investment holding company whose investment objective is to achieve long-term capital appreciation, while preserving capital, by investing in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or ...

Fairfax Financial Holdings total assets for 2022 were $78.819B, a 9.03% decline from 2021. Fairfax Financial Holdings total assets for 2021 were $86.645B, a 17% increase from 2020.

Re/insurance holding firm Fairfax Financial Holdings has reported net earnings of $915.4 million ($37.18 per diluted share after preferred share dividends) for the second quarter of 2024. This performance was primarily driven by an increase in adjusted operating income to $1,119.4 million and net gains on investments.

The market performance of Fairfax shares has been exceptional, with the stock appreciating by 52.94% over the past year. This upward trend reflects strong market confidence in Fairfax stock, suggesting that investors have high expectations for its future.

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Board Directors Corporate With Shareholders In Fairfax