MasterCard Incorporated announced today that its shareholders voted, at a special meeting of shareholders, to approve a range of proposals to provide MasterCard with a new ownership and governance structure. The proposals approved at today’s meeting include amendments to the governing documents of MasterCard Incorporated and its principal operating subsidiary, MasterCard International, the proposed initial public offering of the company’s Class A common stock, and a new long term incentive plan.
The special meeting of shareholders was part of MasterCard’s plans, announced August 31, for a new corporate governance and open ownership structure that will include the appointment of a new Board of Directors comprised of a majority of independent directors, the transition to a publicly traded company, and the establishment of a charitable foundation which will hold 10% of the company’s shares.
View this content by subscribing
Please register to unlock this content
I already have an account. Log in
