
Starbucks allows long-time shareholders to nominate board members
The company announced an amendment to its bylaws, allowing long-time shareholders to nominate board members.
According to Starbucks, a shareholder or a group of up to 20 shareholders, owning at least 3 percent of the company's outstanding stock for at least three years, can nominate up to two directors or 20 percent of the board, whichever is greater.