Perhaps as another fallout of the financial crisis, Moody’s shareholders approved an independent chair proposal with 56% support, a substantial increase from the two prior years which saw votes at more typical levels for this proposal - 33% and 30%. It’s been reported that the proponents, Hermes and Laborers International, actively campaigned and cited the financial crisis as a key reason to support the proposal. More than 15 independent chair proposals will be voted on this season.

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