Three proxy advisors have endorsed a proposal by the California Public Employees’ Retirement System (CalPERS) requesting Graco Inc. to adopt a majority vote standard for unopposed Board candidates.
ISS Proxy Advisory Services, Glass Lewis & Co., and Egan-Jones Proxy Services have advised shareowners to vote for Proposal 5 on the proxy card at the April 21, 2011 annual meeting of the Minneapolis, Minnesota, industrial equipment manufacturer.
Read CalPERS press release here.
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