- Occidental Petroleum (OXY -0.1%) recommends corporate governance changes that would make it easier for shareholders to call special meetings and would create new board committees, according to an SEC filing.
- The changes would include lowering the threshold ownership requirement to call a special meeting to 15% of shares outstanding from 25%.
- OXY also says it is forming board committees on sustainability and shareholder engagement, as well as one focusing on the recent acquisition of Anadarko Petroleum.
- The board will recommend shareholders approve the changes at the company's 2020 annual meeting.
Oxy Petroleum seeks to reduce threshold for special meetings
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| Symbol | Last Price | % Chg |
|---|---|---|
| OXY | - | - |
| Occidental Petroleum Corporation | ||