1.   Earlier this year the Department of Trade and Industry backed down from making shareholder approval of pay schemes a statutory requirement.

2.   Such a measure would normally require independent shareholder approval but the exchange has waived this.

3.   The proposal, which requires shareholder approval, will create a new company with shares that trade separately.

4.   The transaction is subject to shareholder approval of both companies, and should be completed in the fall.

5.   Finally, for very large acquisitions the Stock Exchange may require shareholder approval.

6.   Although shareholder approval of the action is not required, the board submits the proposal annually for shareholder consideration.

7.   Analysts are debating whether the company needs shareholder approval for the move.

8.   Among other things, he is fighting European Commission efforts for laws that would require companies to receive shareholder approval before erecting defenses against hostile takeover attempts.

9.   And a New York Stock Exchange task force has recommended tightening guidelines to force companies to seek shareholder approval of almost all options plans.

10.   Analysts say an extension of the concession would help win shareholder approval for the debt restructuring.