Wednesday, August 30, 2006

Home Depot Alters Voting, but Critics Seek More Change

Home Depot, the largest United States home-improvement retailer, took another step yesterday to repair its image with investors after an acrimonious annual meeting in May, announcing that it had revised company bylaws to require that each director be elected by majority vote. But shareholders and corporate governance experts seem reluctant to stop pressing the company for further changes, including revisions in executive pay policies and director oversight.

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