(Reuters) - The largest U.S. mortgage lender said the proposal won support of 31.7 percent of votes cast, while 59.6 percent of votes were opposed. It said the other 8.7 percent abstained.
The American Federation of State, County and Municipal Employees, which owns 4,000 Countrywide shares, had offered the proposal at the Calabasas, California-based company's annual meeting. It had won the backing of Proxy Governance Inc., a shareholder advisory firm, and the California Public Employees' Retirement System, the influential pension fund.
Read more at Reuters.com Bonds News
The American Federation of State, County and Municipal Employees, which owns 4,000 Countrywide shares, had offered the proposal at the Calabasas, California-based company's annual meeting. It had won the backing of Proxy Governance Inc., a shareholder advisory firm, and the California Public Employees' Retirement System, the influential pension fund.
Read more at Reuters.com Bonds News
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