Massey’s shareholders to vote on reforms
RICHMOND, Va. — Troubled coal producer Massey Energy is preparing for a shareholder vote on corporate governance reforms.
The vote is set for a special meeting Wednesday in Richmond.
Shareholders are being asked to approve changes including declassifying Massey’s board of directors and eliminating a prohibition on stockholders requesting special meetings.
Massey has made a series of similar changes this year. The company has been under pressure from some shareholders following the deadly Upper Big Branch mine explosion.
The April 5 blast killed 29 miners and injured two others at the Massey mine in southern West Virginia. It is the deadliest U.S. coal mine explosion since 1970 and the target of civil and criminal investigations.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- A BIG CHANGE: New mortgage rules seen bringing increase in pricey mobile home loans
- Analyst: KiOR Columbus plant may end up sold as scrap
- Warden who lives hundreds of miles from jail resigns
- DAVID DALLAS: Savor this Thanksgiving and be grateful
- Jail kitchen supervisor pleads guilty to stealing food
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Hunting-weapons legislation passes House