Ron Burgundy Posted December 23, 2015 Share Posted December 23, 2015 (Reuters) - Apple Inc on Tuesday became the latest U.S. company to amend its bylaws to allow long-term shareholders to nominate members to its board. The iPhone maker in a filing said a shareholder who owns at least three percent of its outstanding shares continuously for at least three years were eligible to nominate directors. Other companies who have agreed to adopt new "proxy access" rules this year include Microsoft Corp, Staples Inc, Big Lots Inc and Whiting Petroleum Corp. "Proxy access" is shareholders' ability to nominate directors to run against a company's chosen slate of director nominees using its annual meeting materials. View the full article Quote Link to comment Share on other sites More sharing options...
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