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NEW YORK Interpublic Group shareholders today narrowly defeated a proposal that would have allowed holders of 10 percent of IPG’s outstanding common shares to call special meetings.
Given the close vote — 51 percent against, 48 percent for and 1 percent abstaining — IPG CEO Michael Roth said the company’s board of directors would reexamine its current bylaws, which allow for special meetings but require the approval of a majority of the holders of outstanding shares.
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