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CPE Callon Petroleum Company

35.76
0.00 (0.00%)
02 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Callon Petroleum Company NYSE:CPE NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 35.76 0 01:00:00

Calpers Gets Support For Apple Board Election Proposal -Reuters

11/02/2011 10:13pm

Dow Jones News


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The California Public Employees' Retirement System, the biggest U.S. pension fund, has won the backing of three proxy advisers for its proposal that Apple Inc. (AAPL) require a majority vote when electing unopposed directors, Reuters reported Friday.

Calpers said its push for majority voting is supported by Egan-Jones Proxy Services; Glass, Lewis & Co.; and ISS Proxy Advisory Services.

Currently, an Apple director can keep a board seat with a single "yes" vote in an uncontested election. Calpers wants Apple and other U.S. companies it invests in to adopt rules requiring directors to win a majority -- rather than a plurality -- of the vote, saying that would make board members more accountable to shareholders.

Apple's board opposes the proposal. The Cupertino, Calif., company will host its annual shareholders meeting on Feb. 23.

Full story at http://www.reuters.com/article/2011/02/11/apple-calpers-idUSN1129930020110211

-Dow Jones Newswires; 212-416-2900

 
 

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