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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 |
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
1 Year Callon Petroleum Chart |
1 Month Callon Petroleum Chart |
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