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Sara Lee revises bylaws
- Article from:
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Baking Management
- Article date:
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July 1, 2007
- Author:
- Anonymous
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Copyright informationCopyright Penton Media, Inc. Jul 2007. Provided by ProQuest LLC. (Hide copyright information)
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Downers Grove, Ill.-based Sara Lee Corp.'s board of directors amended the company's bylaws to include majority voting for the election of directors in uncontested elections. In a contested election, where the number of nominees exceeds the number of directors to be elected, directors will be elected by a plurality of the votes cast.
"The board's decision to adopt majority voting for the election of directors demonstrates Sara Lee's long-term committment to the highest standards of corporate governance and shareholder ...