Thursday, October 07, 2010
New Massey Rules Approved
WEST VIRGINIA....
Wednesday, Massey Energy stockholders approved several new corporate governance rules at a meeting in Richmond. Among the proposals that received enough votes were declassifying the board of directors; removing super majority vote provisions related to stockholder amendment of bylaws; and removing the prohibition of the right for stockholders to request special meetings of stockholders. The proposal that would have changed the way shareholders vote for board candidates did not pass. Massey officials say the new rules will benefit shareholders.
# posted by Homer Owens @ 9:29 AM 
