Procter & Gamble corporate headquarters. Credit: Jonathan Weiss/Shutterstock.com Procter and Gamble Shareholders Reject Board Diversity Proposal
"People that fly company aircraft and earn a million dollars for a part-time job live in a rarefied bubble," said one of the proposal's co-sponsors, who argued that the company's directors are out of touch with its employees.
November 03, 2021 at 02:10 PM
3 minute read
Corporate Governance
Procter & Gamble Co. shareholders shot down a proposal that would have forced the consumer goods giant to consider current and former non-managerial employees as candidates for open seats on the board of directors as part of an effort to bolster board diversity.
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