California Public Employees’ Retirement System (CalPERS), Sacramento, is seeking shareowner support for its proposal to require a majority vote to appoint unopposed candidates to the board of Apple, Pensions & Investments reports. The $228.5 billion system’s proposal seeks company adoption of a majority-vote threshold where there is only one candidate for a board seat and the resignation of any candidate, who fails to win an affirmative vote of most shares represented.

The Central Laborers’ fund, Illinois, in its proposal urges for the company to disclose a written and detailed succession planning policy to eventually replace current CEO, Steven Jobs, and subsequent CEOs, including identifying internal candidates. Apple has urged shareholders to vote against the CalPERS and Central Laborers’ fund proposals.

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