Apple shareholders reject disclosure of succession plans

In a rebuff to a major investor group, Apple's (NASDAQ:AAPL) shareholders rejected a proposal to force the company to disclose its succession plans for CEO Steve Jobs, who is currently on his second medical leave in as many years. The proposal was put forward by Laborers' International Union of North America, and was endorsed by the investor-advisory service Institutional Shareholder Services. However, in a separate move, shareholders approved a proposal to give them a larger say in appointing directors; directors will now have to be approved by a majority vote instead of a plurality. Article


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