This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ecopetrol Adopts Measures To Guarantee The Adequate Representation Of Shareholders At The Extraordinary Shareholders' Meeting

BOGOTA, Colombia, Jan. 13, 2014 /PRNewswire/ -- In accordance with Resolution 116 of 2002, the Board of Directors of Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; TSX: ECP) ("Ecopetrol" or the "Company") approved the following measures to guarantee the adequate representation of the Shareholders at the extraordinary shareholders' meeting to be held on Thursday, January 23rd, 2014 at Corferias:

(Logo: http://photos.prnewswire.com/prnh/20090209/ARM001LOGO )
  1. Ordered the Company's management to inform shareholders of their right to be represented at the General Shareholders' Meeting through a proxy and the legal requirements that those proxies must satisfy.
  2. Instructed the Company's employees to participate in reviewing shareholder proxies and not to accept proxies that do not comply with the requirements established by Colombian law.
  3. Instructed the Company's management to inform the Company's managers and employees that they may not recommend to shareholders that they vote on certain way about any specific item.
  4. Instructed the Company's management to inform the Company's managers and employees not to suggest, coordinate, or agree with shareholders on the submission of shareholder proposals during the General Shareholders' Meeting.
  5. Instructed the Company's management to inform the Company's managers and employees not to suggest, coordinate or agree with shareholders voting in favor or against any given shareholder proposal presented at the General Shareholders' Meeting.
  6. Instructed the Company's management to inform Shareholders that they cannot grant proxies to persons who are directly, or indirectly, part of the company's management.
  7. Instructed the Company's managers to adopt all measures necessary to ensure that the Company's employees act in neutrally when interacting with shareholders.
  8. Appointed the Secretary General of Ecopetrol as the person responsible for verifying adequate compliance with these measures.
  9. Appointed the Legal Vice-Presidency as the internal division responsible for reviewing shareholders' proxies.

The measures listed above (adopted by the Board of Directors of Ecopetrol in order to ensure compliance with Resolution 116 of 2002) were made public to the general market by the Chairman of the Board of Directors (acting through the Superintendent for Issuers) prior to the General Shareholders' Meeting.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.04 +92.53 0.53%
S&P 500 2,073.95 +10.84 0.53%
NASDAQ 5,006.6810 +19.8140 0.40%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs