Also written by Michael J. De La Merced:
Timken Agrees to Split in 2 After Pressure from Activist Investors
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More Companies Holding Annual Board Elections, Group Reports

dealbook.nytimes.com

After prompting by shareholders, 46 companies in the Standard & Poor's 500-stock index have agreed to hold annual elections for all their directors, a corporate governance initiative run out of Harvard Law School said on Wednesday. The initiative, known as