date:May 29, 2014
Like last year, the firm also suggested voting against board member Mike Duke and Chairman Rob Walton. Duke was Wal-Marts chief executive officer until February, when he was replaced by Doug McMillon. He remains a Wal-Mart director and adviser.
In his e-mail, Hargrove noted that 10 of the companys 16 directors are independent. Wal-Mart also separated its CEO and chairman roles in 1988 to allow the CEO to focus on Wal-Marts daily operations while the chairman focuses on oversight and governance