Disney Shareholders Defeat Proposals

Walt Disney Co. shareholders narrowly blessed the company's executive compensation plan, while two proposals challenging corporate-governance practices failed to garner enough votes to pass.

Of proxy ballots cast before the annual meeting, 57.6% approved the media company's compensation plan. The vote is nonbinding.

Disney's board told shareholders in January that the results of last year's "say on pay" vote—which had a similar result to this year's—"fell below our expectations." It said it made changes that tie executive compensation more directly to performance and that ensure compensation ...

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