Search for a Term:

What is Porcupine Provision?

Definition of Porcupine Provision

A Porcupine Provision is a colloquial term for corporate charter amendments contained within a company's charter specifically designed to prevent a takeover without the board of directors' approval, making hostile takeovers far more difficult. For example a targeted company can maintain its board by stripping the right of shareholders to call ad hoc ('extraordinary') meetings or remove directors without reason, or it can stagger the board member's tenure terms and introduce cumulative voting so that a hostile majority shareholder cannot replace the entire board in one annual meeting.
Do you have a question that has not yet been answered? Let us know.
Tel: +44 (0) 203 8794 460 or Email: support@advfn.com

FTSE 100 Index

FTSE 100 Index intraday chart

Gulf Keystone

Gulf Keystone Chart
 GKP Chart  GKP Chat
 GKP Share Price  GKP Level 2
 GKP Info  Free ADVFN account

Top Investment Questions

Seu Histórico Recente
BOV
VALE5
Vale PNA
BOV
IBOV
iBovespa
BOV
PETR4
Petrobras
BOV
IGBR3
IGB SA
FX
USDBRL
Dólar EUA ..
Ações já vistas aparecerão nesta caixa, facilitando a volta para cotações pesquisadas anteriormente.

Registre-se agora para criar sua própria lista de ações customizada.

Ao acessar os serviços da ADVFN você estará de acordo com os Termos e Condições

P: V:br D:20211022 00:02:30