∞ Pension fund pushes Apple for board election changes

The California Public Employees’ Retirement System (Calpers) wants Apple to change the way it elects members to its board, but Apple is reportedly resisting the proposed change.

[ad#Google Adsense 300×250 in story]According to the Wall Street Journal, an Apple board member can keep their seat with a single yes vote if the election is uncontested. Calpers wants members to keep their seats by winning a majority vote.

Calpers is forcing a vote by submitting a shareholder resolution at Apple’s annual meeting in February 2011. Calpers says the current system does not make members accountable and makes it difficult to oust a board member.

Apple isn’t the only company Calpers is requesting the change from. It has submitted the same request to 58 U.S. companies.