UPS today announced its board of directors has adopted amended bylaws that incorporate current best practices and changes in Delaware law, including proxy access, which allows eligible shareowners to include their own director nominees in the company’s proxy materials.
The board adopted proxy access as part of its ongoing commitment to strong corporate governance practices, following thoughtful discussions with shareowners through the Company’s long-standing outreach program. “We engaged with our shareowners and carefully considered their feedback on this important issue,” said David Abney, UPS Chairman and Chief Executive Officer.