Disclaimer: These are excerpts from student assignments conducted as part of a Corporate Finance class. The opinions represented do not necessarily agree with mine. I do not vouch for the quality of the recommendations or the accuracy of the numbers. Follow the recommendations on your own risk.
Good performance in 2017, growth prospects good and excess cash available to buy back shares
Director elections: Professionalism, previous experience
Students call BCA out on high levels of proposed equity issuance authorization – 1/3 of current shares outstanding. Pre-emption rights especially important in such big issuance to avoid dilution
BCA wants blank check equity issuance authorization to be able to make acquisitions – but those should be authorized specifically, students think
Students also call BCA to caution in expansion strategy – needs to be flexible to react to structural shifts such as Brexit and driverless cars
| Proposal | Excerpt of Student Recommendations | |
|---|---|---|
| For | Against | |
| (2)Authorization of share issuances |
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| (3)Authorization of share repurchases |
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