FedEx maintains board policies
FedEx Corp. shareholders on Monday voted down a policy proposal that would have required the chairman of the board to be an independent director who has not previously served as an executive officer of the company.
Founder Frederick W. Smith is chairman, chief executive officer and president of FedEx.
Eleven director nominees were re-elected for one-year terms at the annual shareholder meeting and a new director, David P. Steiner, CEO of Waste Management Inc., was added to the board.
FedEx maintains board policies
