Adopts Majority Voting Formula For Directors
December 19, 2006
(AP) DENVER -- Qwest Communications said Monday it has
revised corporate governing policy to require directors to
be elected by majority vote in some elections, mirroring a
trend that gives shareholders a stronger voice.
The revised bylaw adopted by Qwest's board of directors
Friday calls for directors to be elected by a majority of
votes cast in uncontested elections.
In elections where the number of candidates is more than the
number of open slots, the company will use plurality voting,
Qwest Communications International Inc. said in a Securities
and Exchange Commission filing.
The revised bylaws took effect immediately, the Denver-based
telephone company said in the filing submitted after the