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General

Microsoft offers board seat to shareholder ValueAct

Monday 2 September 2013 | 09:10 CET | News
Microsoft has agreed to cooperate with its shareholder ValueAct, offering the investor a seat on the company's board. The San Francisco-based investment firm owns 0.8 percent of Microsoft's shares, making it one of the company's largest shareholders. The cooperation agreement provides for regular meetings between Mason Morfit, president of ValueAct Capital, and Microsoft directors and management to discuss a range of business issues. The agreement also gives ValueAct Capital the option of having Morfit join the Microsoft board of directors beginning at the first quarterly board meeting after

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Categories: General
Companies: Microsoft
Countries: World
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