Apple Amends Company Bylaws to Offer Proxy Access

Apple on Monday amended its company bylaws to allow ‘proxy access’ making it easier for long-time shareholders to nominate a director for its board, reports the WSJ.In a securities filing, Apple said its board of directors had adopted amended bylaws Monday that allow a shareholder, or a group of up to 20 shareholders, holding 3% of its shares continuously for three years to include board nominees in the company’s annual proxy statement.The bylaw only allows shareholders to nominate up to 20% of Apple’s directors. Currently the company has eight, so shareholders could only nominate one director.Share Article:Facebook,   Twitter,   LinkedIn,   Google Plus,   Email,   Reddit,   Digg,   Delicious,   StumbleUponFollow iClarified:Facebook,   Twitter,   LinkedIn,   Google Plus,   Newsletter,   App Store,   YouTubeAdvertise Here

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