Darkbeer
08-18-2005, 09:21 PM
http://today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2005-08-18T214325Z_01_N18121961_RTRIDST_0_BUSINESSPRO-MEDIA-DISNEY-DC.XML
QuikQuote: Walt Disney Co. will require board members who fail to get majority support in company elections to submit letters of resignation, the company said on Thursday.
The Disney board also amended the company's bylaws to add an anti-green mail provision, banning the repurchase of shares at above-market prices from any holder of more than 2 percent of Disney's voting securities without shareholder approval.
QuikQuote: Walt Disney Co. will require board members who fail to get majority support in company elections to submit letters of resignation, the company said on Thursday.
The Disney board also amended the company's bylaws to add an anti-green mail provision, banning the repurchase of shares at above-market prices from any holder of more than 2 percent of Disney's voting securities without shareholder approval.