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Microsoft shareholders defeat 2 activist proposals

Activist investors wanted Microsoft’s board of directors to adopt a non-management member. Other shareholders voted it down.
Credit: AP
FILE - In this Nov. 28, 2018, file photo Microsoft CEO Satya Nadella speaks during the annual Microsoft Corp. shareholders meeting in Bellevue, Wash. Microsoft's shareholders voted Wednesday, Dec. 4, 2019, to defeat two proposals by activist investors that would have required the company to add a rank-and-file employee on its board of directors and study workplace gender pay disparities. (AP Photo/Ted S. Warren, File)

Microsoft's shareholders have voted to defeat two proposals by activist investors calling for the company to add a rank-and-file employee on its board of directors and report on gender disparities in company salaries.

Microsoft held its annual shareholders meeting Wednesday.

The company says preliminary vote results showed neither proposal received enough support.

Boston-based investment firm NorthStar Asset Management pushed for getting a non-management employee on the board. It cited internal dissent over Microsoft's immigration and military contracts as a reason for more employee representation.

Microsoft countered that all board candidates should be evaluated using the same criteria.