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Cendant Ends Staggered Board

Cendant is changing its policies to accommodate the sentiments of its shareholders.

> > The New York-based travel and real estate company announced that shareholders approved a company proposal to declassify its board of directors, which means that the entire board will have to face re-election each year. Surprisingly, similar company proposals in 2000 and 2002 failed to receive the required number of votes for approval.

Source: CFO


Published:2004-04-25
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