InfoAnda - Apple "say on pay" motion approved by shareholders

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Apple "say on pay" motion approved by shareholders Reuters - Tuesday, April 28 NEW YORK - Apple Inc said a shareholder proposal for more say over executive pay was approved at its annual meeting on February 25. ADVERTISEMENT The iPod, Mac and iPhone maker originally said it believed the resolution had failed. But it said on Monday that it had incorrectly counted abstentions as "no" votes. An internal investigation found the mistake was due to human error, Apple said, adding the problem was discovered shortly after it filed its 10-Q with the U.S. Securities and Exchange Commission last Thursday. According to Apple's amendment to its 10-Q on Monday, the so-called "Say on Pay" resolution, which asks the board to give shareholders an advisory vote on executive compensation, was approved by 51.63 percent of shares. "The Compensation Committee of Apple's Board of Directors has been closely following the Say on Pay issue and anticipates that new laws or regulations will require some form of Say on Pay vote at all public companies in the near future," Apple said. "Even if that does not occur, Apple is committed to implementing an advisory Say on Pay vote next year." Shares of Apple were quoted at $122.98 before the Nasdaq market open on Monday, down 0.7 percent from their Friday close of $123.90. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Technology US-TECH SummaryReuters - 2 hours 18 minutes ago Pirate Bay lawyer files for retrial, cites biasReuters - 2 hours 18 minutes ago Apple "say on pay" motion approved by shareholdersReuters - Tuesday, April 28 Facebook plans to give developers more access: sourceReuters - Monday, April 27 Obama's e-government off to good startAFP - Monday, April 27 Most Popular – Technology Viewed Obama dominates in first 100 days 'Golden Girls' Beatrice Arthur, dead at 86 Button extends title lead with Bahrain GP win Swine flu spreads economic shivers Charred meat linked to pancreatic cancer risk View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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