P&G Shareholders Push For More Power Over Board Membership

摘要

During Procter & Gamble Co.'s annual shareholder meeting In Cincinnati Oct. 9, shareholders voted In favor of a proposal that would give them more voting power to add or replace board members, though the firm's board of directors recommended against it. With more power to shake up P&G's board, shareholders could ultimately have a greater hand In changes to company management. Activist investor William Ackman - whose firm Pershing Sguare Capital owns roughly a 1% stake in the firm - is rumored to be pushing to replace P&G CEO Bob McDonald.