Home Depot Alters Rules for Electing Its Directors

Home Depot, in a bow to disgruntled shareholders, said yesterday that it would require a majority vote from shareholders for the election of board members.
The company also released vote tallies from last week’s annual meeting showing that a surprisingly high percentage of shareholders had withheld their support from 10 of the 11 directors, including Robert L. Nardelli, the chairman and chief executive.