Shareholders have voted down two proposals brought forward at the Walt Disney Co. annual meeting that sought to change how the largest entertainment company in the world is governed.
One proposal called for the future split of the chief executive and chairman positions, which are both currently held by Robert Iger. At the meeting, held in Phoenix on Wednesday morning, the Burbank-based company said that only 35.3% of shareholders who cast non-binding votes in advance of the meeting approved the split.
The other defeated proposal centered on giving challenger board candidates an easier path to election by allowing their names to appear on the company's ballots. The proposal received approval from only 39.8% of shareholders in another non-binding vote.