Apple directors must now win a majority vote before appointment to board
Shareholders initially voted for the non-binding proposal a year ago, but Apple chose not to adopt it. But the company announced on Thursday from its Cupertino, Calif., headquarters that the measure has now been approved, according to Reuters.
Members of Apple's board of directors who cannot obtain a majority vote will now be required to voluntarily resign from their positions. In addition to shareholders, Calpers, the largest U.S. pension fund, has also pushed for the measure.
The most recent changes to the Apple Board of Directors came last November, when Disney Chief Executive Bob Iger joined the board. In addition, Arthur D. Levinson, Ph.D., became the new chairman, replacing the late Steve Jobs.
The remaining members of Apple's board are CEO Tim Cook, William Campbell, Millard Drexler, Al gore, Andrea Jung and Ronald Sugar. All of them received more than 80 percent of the vote on Thursday, leaving their positions intact.
30 Comments
Apple doesn't need a chairman of the board and I'd prefer no one from Disney be anywhere near them.
Apple doesn't need a chairman of the board and I'd prefer no one from Disney be anywhere near them.
Why not, and why?
Why not, and why?
They operated just fine for nearly fifteen years after Steve's return not having a chairman. I'm sure Steve just wanted the position to be able to say he had had it.
And no Disney because of their history of unscrupulous behavior. The lies they tell to keep up their wholesome image. Pixar should never have been sold to them.
Majority vote of who? Stockholders or other board members?
They operated just fine for nearly fifteen years after Steve's return not having a chairman. I'm sure Steve just wanted the position to be able to say he had had it.
And no Disney because of their history of unscrupulous behavior. The lies they tell to keep up their wholesome image. Pixar should never have been sold to them.
Agree.