Vic Young and Fishery Products International (B) - Winds of Change

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Vic Young and Fishery Products International (B) - Winds of Change

Supplement

Reference no. 9B04M003

Subject category: Strategy and General Management

Authors: W Glenn Rowe (Ivey Business School, Western University); Tami L Hynes (Ivey Business School, Western University); John Melynk (Ivey Publishing, Western University)

Published by: Ivey Publishing

Originally published in: 2004

Version: 2004-06-24

Length: 26 pages

Data source: Published sources

Topics: Corporate governance; Government and business; Leadership; Proxy battle

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Abstract

This case follows the Vic Young and Fishery Products International (A), product ''9B03M011'', but can be used without it. It focuses on a contest for control of Fishery Products International Ltd leading up to the company''s annual general meeting on 1 May 2001. The owner of a Nova-Scotia-based competitor of Fishery Products International is the leading dissident shareholder. This proxy battle quickly becomes a matter of public and political debate, because Fishery Products International is economically and socially important to its home province, Newfoundland and Labrador. As such, it is subject to company-specific provincial legislation, the FPI Act, that is one of the bases for legal maneuvering in the contest for control. The supplement, Vic Young and Fishery Products International (C), product number ''9B04M004'', reports the proceedings and results of the annual general meeting.

Location:

Canada

Industry:

Food and kindred products

Size:

Medium

Other setting(s):

2001