The annual general meeting at Qwest Communications International concluded with the company’s shareholders rejecting a proposal to allow an advisory vote on executive compensation, according to CNBC.
Though the phone company’s vote drew an impressive number of proponents, with 31 percent of shares voting in favor of the amendment, it wasn’t enough to win passage.
The issue of special meetings also came close to approval, with 47 percent of shares voting in favor of a provision that would have given share owners with 10 percent or more of Qwest shares the ability to call special meetings.