Monday, September 18, 2006

CA to face opposition from shareholders at Monday meeting

NEW YORK (Dow Jones/AP) -- Amid ongoing concerns about a declining stock price and financial-reporting errors, software maker CA Inc. faces opposition to members of the board and its independent auditor ahead of its annual shareholder meeting Monday.
Proxy advisery firms Institutional Shareholder Services and Glass Lewis & Co. are recommending shareholders withhold their votes for four CA directors including former U.S. Sen. Alfonse M. D'Amato. Glass Lewis is also recommending shareholders oppose the reappointment of CA's independent auditor, KPMG LLP, due to concerns about CA's recent financial restatements.

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