At its annual meeting, Monsanto Company announced that its shareowners elected nine members of its board of directors to new one-year terms, with all director nominees receiving a vote of more than 96 percent of votes cast.
Gregory Boyce, Janice Fields, Hugh Grant, Laura Ipsen, Marcos Lutz, C. Steven McMillan, William Parfet, George Poste and Robert Stevens were elected.
The remaining four directors, David Chicoine, Arthur Harper, Gwendolyn King and Jon Moeller continue to serve for terms ending at the next annual meeting of shareowners in 2016.
In addition, the advisory vote on executive compensation was approved by more than 97 percent of votes cast.
Three shareowner proposals were also voted on during the meeting. Monsanto shareowners supported the recommendation by the company’s board of directors and did not approve the proposal requesting adoption of a policy requiring an independent board chairman or the proposal requesting a report on certain matters related to lobbying.
Shareowners approved a non-binding proposal requesting adoption of proxy access.
“The board will take into consideration the shareowner vote and the thoughtful shareowner discussion we’ve had regarding the evolving role of proxy access,” says Robert Stevens, Monsanto lead director and chair of the Nominating and Corporate Governance Committee.
