Originally published: November 28, 2005
Source: MasterCard International
MasterCard Incorporated announced today that its shareholders voted 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.
“We are very pleased with the support of our shareholders for our new governance and ownership structure,” said Robert W. Selander, MasterCard president and CEO. “We also thank them for their significant commitment to The MasterCard Foundation, which will have two goals - to support young people around the world in gaining the skills necessary to succeed in a diverse global work force, and to provide microfinance programs and services to the financially disadvantaged to enhance local economies and develop entrepreneurs.
“This contribution to the societies around the world where we and our customer financial institutions do business demonstrates a dedication to charitable giving in a very meaningful way,” he said.
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