HP CEO Apotheker, Board Faulted Over Director Appointments
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Hewlett-Packard Co. directors, including Chief Executive Officer Leo Apotheker, went against company rules in their appointment of new board members, according to a shareholder-advisory group.
Apotheker played a direct role in picking new board members, a move that contravenes the board’s own rules governing director selection, according to Institutional Shareholder Services Inc., an adviser to investors on corporate governance matters.