First Stockholders Meeting For The Year In Franklin
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FAQ
AGMs are mandatory for both public and private companies. All shareholders are legally obligated to receive an invitation to these meetings. The board of directors should also be represented. An auditor may also be present if the organization is subject to an audit requirement.
Our transfer agent is Computershare.
In order to have a legal meeting you must have a quorum of shareholders present. Typically, a quorum is defined as a representative of more than half of all shares outstanding.
A quorum at any meeting of shareholders shall consist of shareholders representing, either in person or by proxy, a majority of the outstanding shares of the corporation entitled to vote at such meeting, except as otherwise specially provided by law.
With a show of hands, the number of shares the shareholder holds is redundant (one shareholder equals one vote). On the other hand, with a poll, each shareholder has one vote for each share they hold. An ordinary resolution requires a 50% majority to be passed, while a special resolution requires a 75% majority.
The company's stock began trading on the New York Stock Exchange in 1986 under the ticker symbol "BEN". In the same year, the company opened its first office outside North America in Taiwan.
Franklin Resources was founded in 1947 by Rupert H. Johnson. Johnson named the company after Benjamin Franklin, who was known to practice frugality and prudence when saving and investing. The company went public in 1971 and, by 2007, had earned its place in the Fortune 500 after a series of key acquisitions.
A shareholder is any person, company, or institution that owns shares in a company's stock. A company shareholder can hold as little as one share. Shareholders will make capital gains (or losses) when selling shares, and may receive dividends if the company pays them.
Franklin Templeton is reportedly planning to cut jobs at its beleaguered subsidiary, Western Asset Management, following ongoing investigations into the bond shop. Franklin acquired WAM in 2020 from Legg Mason and has generally given the firm the freedom to operate independently.
