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Markets | IN BRIEF/TECHNOLOGY

HP Toughens Election Rules for Directors

November 03, 2005|From Bloomberg News

Hewlett-Packard Co. said it would require members of its board to get a majority of votes for election in a move designed to make directors more accountable to shareholders.

Board members who receive more "withheld" votes than "for" votes will be asked to resign, the Palo Alto-based company said. The board's nominating and governance committee would then recommend whether the resignation should be accepted.

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