Directors at the Coca-Cola Company will have to stand for re-election every year, instead of every three, following the approval by the board of an amendment to the company’s bylaws.
Until the change, Coke’s board was made up of directors who were elected for three year terms, with a third of the board standing for election each year.
Following its results yesterday Coca-Cola also declared a regular quarterly dividend of 22 cents a common share.
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