Apple Shareholders Approve Majority Vote for Elected Directors

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Apple logoApple shareholders approved a measure during the company’s annual shareholder meeting on Thursday that requires a majority vote for approval of new Board directors. The new rule will give shareholders a bigger say in exactly who sits on the company’s board.

Apple had asked shareholders to vote against the measure, although today’s results show that Apple doesn’t always get what Apple wants.

Other items up for a vote included shareholder approval for Board of Directors compensation, disclosure of political contributions, financial conflict of interest reports, and ratification of Ernst & Young LLP as the company’s independent accounting firm.

Shareholders were also voting on nomination of William Campbell, Tim Cook, Millard Drexler, Al Gore, Robert Iger, Andrea Jung, Arthur Levinson, and Ronald Sugar to the company’s Board of Directors. Mr. Levinson is currently Chairman of the Board.

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