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Calpers Seeks Majority Board Voting Policy At Apple -Reports

DOW JONES NEWSWIRES The California Public Employees' Retirement System said Apple Inc. (AAPL) should require majority voting for board members, The Financial Times reported. A Calpers proposal set for a vote at Apple's annual meeting Feb. 23 has the support of Institutional Shareholder Services, the FT said. According to a report in Pensions & Investments, Calpers said in a statement that Apple "needs a governance upgrade" and said majority voting is "a hallmark of accountability." Apple's board opposes the plan. "The unusual mechanics of California law create the risk that directors who enjoy overwhelming shareholder support may fail to be elected because an insufficient number of shareholders voted in the election," Apple said in a statement, adding that "shareholders have always had the ability to remove directors," Pensions & Investments reported. Full story at and -Dow Jones Newswires; 212-416-2900

Stock News for Callon (CPE)
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09/16/201400:59:05Calpers to Exit Hedge Funds
04/14/201419:33:12Pension Funds Urge Duke Energy Holders to Vote Against 4 Directors
04/14/201417:11:23Calpers, Pension Fund Oppose Re-election of Four Duke Board Members
10/04/201220:28:27Treasury's Geithner Meets With Investment Executives
05/24/201217:58:16CalPERS Pushes For Executive Payment, Voting Changes At 3 Companies
05/23/201214:45:09CalPERS To Withhold Votes For Nine On Wal-Mart Board -Reuters
04/10/201212:08:49Calpers Looks To Sell About $1.5 Billion In Private Equity Fund...
03/23/201220:04:33Medco To Pay $2.8 Million To Resolve CalPERS Payment Probe
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02/06/201211:57:23Calpers Seeks Majority Board Voting Policy At Apple -Reports
05/18/201115:38:37CVS, Seeking Calpers Pact, Faces Trial Over Past Work For Fund
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03/31/201113:30:47Lehman Wants Ad Hoc Group To Disclose More About Itself
03/18/201117:50:20Medco Receives SEC Subpoena Related To Consultant On Calpers
02/11/201117:13:08Calpers Gets Support For Apple Board Election Proposal -Reuters
12/01/201014:49:14Calpers Transfers Some Holdings To GI Partners, Deutsche Bank
10/06/201017:33:19Massey Energy: Stockholders Approve Governance Changes
10/05/201018:36:19Pension Funds Press For Changes At Massey Energy

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