HP Called Out for Director Selection Improprieties

Raise your hand if you are surprised by anything HP does anymore. Anyone? No? That's what I thought.

International Shareholder Services sent a report to clients that accuses HP and its new CEO Leo Apotheker of not following the board's own guidelines for director appointments, in particular saying Apotheker should have had no role in the process. ISS says HP board members are to be nominated by independent directors only, which would rule out Apotheker.

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