Tuesday saw Intel (NASDAQ:INTC) shareholders approve a company measure designed to increase share reserves. The move is part of a strategy to attract and keep new employees and to provide compensation for new CEO Lip-Bu Tan.
In addition to approving the measure, Intel shareholders also gave their approval for the company’s board of directors. However, it’s noteworthy that three members chose not to stand for reelection.
On the other hand, Intel shareholders turned down three shareholder proposals. These proposals would have mandated the company to reevaluate its operations in Israel, generate new reports on charitable donations, and grant shareholders the authority to act through written consent.