FAIRFIELD, Conn.--(BUSINESS WIRE)--GE's Board of Directors voted today to submit a proposal to shareholders to adopt a majority voting standard for the election of directors at the company's 2007 annual meeting.
Shareholders will be asked to vote on an amendment to the company's certificate of incorporation that will require each nominee to the Board to receive an affirmative majority of the votes cast to be elected. This majority-voting standard will apply in uncontested elections.