LIONVILLE, Pa., Dec. 21 /PRNewswire-FirstCall/ -- West Pharmaceutical Services, Inc. announced today that its board of directors unanimously decided on December 15, 2009, to ask shareholders to approve a proposal to elect the entire board each year starting in 2012. Currently, the Company’s board has three classes and shareholders elect one class each year for a three-year term. The proposed amendment will not shorten the current term of any director now serving.
“West’s history evidences our responsiveness to shareholder interests,” said Donald E. Morel, Jr., Ph.D., West’s Chairman and Chief Executive Officer. “We regularly consider ways in which we can improve our corporate governance policies and reflect evolving industry standards and best practices. After discussions over the past month with a long-time shareholder, CalSTRS, the board concluded that having directors elected annually would best serve these objectives.”
West Pharmaceutical Services, Inc.
