The largest US Government Pension Fund, the California public employees retirement system (known as Calpers) is stepping up its call for support for the proposal to require even unopposed candidates to serve on the Board of Apple get a majority. This proposal is part of a larger step Calpers to voting rules most some 57 other companies United States, he is interested in and currently Apple uses the rule of vote of pluralism, means the candidates just get most votes--even if that number is less than half the total votes.
CalPERS representatives said they believe the majority voting standard provides greater protection and accountability and is a step towards improved corporate governance. Critics argue that requiring a majority vote at the elections to the Board can bog down the process when the shareholders are deeply fragmented, require multiple rounds of voting and the opening of bribery or coercion to elect--or stop-candidate. Pension Fund indicates that 80 percent of the S & P 500 had "specified" majority vote in the recent years.
Suggestions like this and call for Apple to publish often pops up before the annual meeting of shareholders to be held later this month in Cupertino plan succession. Although the company formally opposed to the idea of succession plan, arguing that provides company secrets to competitors, it took up a position on the proposal by a majority vote.
Last year the annual meeting of shareholders of Apple CEO Steve Jobs was asked his big problem in the future. "Shareholders," he joked.
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