NEW YORK (AP) — Wal-Mart's final shareholder vote for its board of directors shows some dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations of bribery in Mexico.
According to the tally, released by the world's largest retailer Monday, 13 percent of the 3.4 billion shares were voted against the re-election of Duke. The election results also showed that nearly 13 percent were against Chairman Robson Walton, the son of founder Sam Walton, and 15.6 percent against former CEO Lee Scott. A little over 13 percent of the votes were cast against Christopher Williams, chairman and CEO of The Williams Capital Group, who serves on Wal-Mart's audit committee,
Wal-Mart announced that these four executives, along with 11 other incumbents, were re-elected to the board at Friday's shareholders' meeting in Fayetteville, Ark. A new candidate, Marissa Mayer, who is vice president for local, maps and location services at Google Inc., was also elected.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
