He needs only a third of the ballots cast to block the move by the fund's independent trustees.

The independent trustees opposed that move, saying it was not in the best interest of shareholders.

In that transaction, Thomson will maintain a board of independent outside trustees.

One is whether independent trustees would surrender their authority to the church.

He had been appointed a financial adviser by the fund's independent trustee.

The recent proxy documents show that two of those five independent trustees also wear several hats.

Manhattan prosecutors are seeking an independent trustee to run the newspaper delivery union.

In addition, he said, all of the transactions are reviewed by independent trustees who oversee the funds.

Company shares are now being transferred to individual worker accounts, which will be held in trust by an independent trustee.

A seventh independent trustee is selected by the other six.