Bullet 10 under board composition.
http://investor.qualcomm.com/documentdisplay.cfm?documentid=5526
2 replies (most recent on top)
Makes a lot of sense. Sanjay takes the throne after SM gets voted out. What a play. Slow Clap
Majority Voting
As set forth in the Company’s Bylaws, other than in a Contested Election (as
defined in the Company’s Bylaws), any incumbent nominee for director who
receives a greater number of "withhold" votes (but ignoring abstentions and
broker non-votes) than votes "for" his or her election shall promptly tender his or
her resignation from the Board of Directors and all committees thereof. As set
forth in the Bylaws, the Governance Committee shall assess the appropriateness
of such nominee continuing to serve as a Board member and shall recommend to
the Board the action to be taken with respect such tendered resignation