December 18, 2007 / 9:28 PM / 10 years ago

Ingersoll-Rand seeks to start majority voting for directors

Dec 18 (Reuters) - Diversified manufacturer Ingersoll-Rand Co Ltd (IR.N) said it will seek shareholder approval to amend its by-laws on the election of directors to implement majority voting of nominees for the position.

The Hamilton, Bermuda-based company said it will also hold a “say-for-pay consultation plan” with large shareholders in the third quarter of each year on its corporate governance practices, including executive compensation. (Reporting by Aditi Samajpati in Bangalore)

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