date:Jun 08, 2013
be any more pressing case for a special meeting of shareholders?
The New York City Pension Funds said it would vote its more than 5.1 million shares against nine of Wal-Mart's 14 board nominees - including Chairman Rob Walton and CEO Duke.
It is concerned about what it says has been the board's poor oversight of compliance as well as a lack of overall independence. Last year, the New York City funds opposed the election of five directors.