Ferro Changes Corporate Governance Policies

Ferro (Cleveland, OH) says its board has approved three changes to its corporate governance policies. Ferro says its board has proposed to vote to opt out of the Ohio Control Share Acquisition Act, which says, "[A]ny control share acquisition of an issuing public corporation shall be made only with the prior authorization of the shareholders of such corporation." Also, the company adopted a new policy for the election of directors that says, “[I]n the event of an uncontested election for directors in which a nominee for director received a...

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