Apple Investors Pass Measure for Bigger Say in Board Vote
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Apple Inc. investors, gathered today at an annual meeting, passed a measure that gives them more say over which directors get elected, while rejecting another that would push for more disclosure about executive succession plans.
The board proposal requires directors to be elected by a majority vote, rather than a plurality, and was backed by the California Public Employees’ Retirement System, the largest U.S. pension fund. Apple opposed both measures.