Saturday, April 30, 2016
Current Weather
Loading Current Weather....
Published: Tuesday, 10/25/2005

O-I changing rules on board election

Owens-Illinois Inc. said yesterday it is changing its corporate governance rules to require that a board member nominee in an uncontested election resign if he or she receives more withheld votes than affirmative votes.

The board's nominating committee then is to recommend to the full board whether to accept the resignation, the company said. The announcement was made last night, and it was unclear what prompted it.

O-I, a Toledo glass container maker, has 10 board members, including three new ones this year.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.