71. Nevertheless, Calpers and the Florida retirement system submitted resolutions that call on Archer Daniels to nominate independent directors for a majority of its board seats.
72. Nick Greiner, an independent director of Coles and former politician, has been appointed joint deputy chairman.
73. Now, companies can withdraw merely by obtaining the approval of their independent directors.
74. Now a company can leave if a majority of its board and of independent directors on the audit committee approve a transfer, subject to shareholder approval.
75. Now the independent directors are going after Falk.
76. One change would require companies whose shares trade on the Big Board to limit participation on their audit and compensation committees to independent directors.
77. Philip Morris urged defeat of the proposal saying that its compensation committee is made up of directors independent of the company.
78. Richard Soghoian, for instance, is described as an independent director by the company.
79. Rexon also announced the resignations of President and Chief Operating Officer Henry Oberle and an independent director, Kanwai Rekhi.
80. Richemont said it expects Vendome to appoint a committee of independent directors to consider the proposal and to advise minority shareholders, the company said.