Netflix Defeats Proposal Seeking Independent Chairman
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Netflix Inc. investors voted down a shareholder proposal recommending that the board appoint an independent chairman, narrowly reversing the outcome of an identical measure last year.
The vote was 53 percent against, Jonathan Friedland, a spokesman for Netflix, said in an e-mail. The chairman and chief executive officer roles are both held by Reed Hastings. The nonbinding resolution passed with 73 percent support last year and wasn’t implemented.