INTERNATIONAL COAL NEWS

Duke evaluates performance

DUKE Energy CEO Lynn Good has discussed the company's performance, future growth strategies and a...

Sadie Davidson

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Good also addressed questions on a range of topics during a one-hour portion of the meeting dedicated to shareholder inquiries and comments.

Shareholders overwhelmingly re-elected all 15 members of Duke Energy's board of directors up for re-election, for a term length of one year.

Two members of the 17-member board – William Barnet and Philip Sharp – were not up for re-election because they were retiring, as per the company's director retirement policy and corporate governance principles.

At the meeting shareholders also approved two management proposals.

The first was an amendment to Duke Energy’s amended and restated certificate of incorporation to authorise shareholder action by less than unanimous written consent.

The second was an advisory vote to approve Duke Energy Corporation's named executive officer compensation.

They also approved a proposal regarding shareholder right to call a special shareholder meeting.

Shareholders rejected a second shareholder proposal regarding political contribution disclosure.

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