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Apple Holders Reject Proposal to Require Minorities in Top Ranks

  • Investor says he'll try again in 2017 as 5% back measure
  • More frequent diversity proposals likely ahead, ISS says

Apple Inc. shareholders rejected a proposal that would have required the company to accelerate recruiting of minorities to senior executive and board positions.

The resolution, which got 5.1 percent of votes cast by proxy before those in the room at today’s annual meeting were tallied, was the first U.S. company action focused only on racial diversity.