All items tagged with "annual shareholder meeting"

Shareholders Ignore Apple’s Request: New Directors Must Be Voted In

Shareholders Ignore Apple’s Request: New Directors Must Be Voted In

Pic by Scott McNulty (http://www.flickr.com/photos/blankbaby/84763497/)

A potentially major coup has happened at today’s Apple Annual Shareholder Meeting: ignoring the request of Cupertino itself, Apple’s shareholders have approved a measure that now requires a majority vote for the approval of new Board Directors.

That’s big. For the first time, any new appointment to Apple’s Board of Directors will require that the shareholders approve in majority any new appointee. That gives the shareholders a lot more power over the company’s future… and could potentially lead to some interesting power struggles down the road.

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