Hewlett-Packard investors voted down a proposal from labor funds that would have made it easier and cheaper for shareholders to nominate alternative directors. But the measure still received significant support. Bryan Cave partner Brendan Johnson said it’s possible that the strong support could pressure HP to voluntarily include the measure or a variation. But he added that HP would likely wait until the SEC clarifies rules on whether investors may nominate candidates on corporate ballots.
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Posted on Friday, March 16th, 2007. Filed under: Business Law, Law Misc
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