In a meeting held to decide the future of board members of Yahoo’s board of directors, investors have shown their full faith and have given overwhelming support to them. CEO of the company Jerry Yang received mammoth support of 85 per cent shareholders to continue his position for quite some time. Recently, Yahoo was in news for its selling stakes to Microsoft, which did not come true.

 

All nine directors received favorable support from its 76 per cent shareholders. Three members of Yahoo's executive compensation committee - Chairman Roy Bostock, Ron Burkle and Arthur Kern - each received about 80 percent shareholders in favor of re-election and rest 20% in opposition of it. Interestingly, the three have been criticized for their corporate governance.

 

Roy Bostock, Ron Burkle and Arthur Kern received more than a 30 percent unfavorable vote at last year's annual meeting, however, this time shareholders supported them wholeheartedly. Earlier, the board meeting had become an issue for Carl Icahn had to be included in board meeting and board’s membership increased to 11 from nine.