Apple CEO Succession Proposal Gets Backing From ISS
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An Apple Inc. shareholder proposal requiring the company to disclose a succession plan for Chief Executive Officer Steve Jobs gained the support of Institutional Shareholder Services, a proxy-advising service.
ISS, which helps institutional investors decide how to vote on shareholder propositions, wants Apple’s board to disclose a CEO succession plan annually, according to a report released by the firm. The measure is backed by the Laborers’ International Union of North America.