P&G Shareholders Push For More Power Over Board Membership
This article was originally published in The Rose Sheet
Firm’s shareholders will be able to make board changes via simple majority votes (versus super-majority votes) if P&G adopts a proposal backed by a 59.3% of shareholders at an Oct. 9 meeting. The change could allow a shakeup of P&G leadership, with rumors circulating that activist investor William Ackman wants CEO Bob McDonald out.
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