Calpers seeking support for Apple board proposal

Calpers, the largest US pension fund, is seeking support for a longstanding proposal to get Apple to require a majority vote before electing unopposed candidates to the company's board. The non-binding shareholder proposal again asks Apple to replace its plurality vote rule in uncontested elections, and require election by a majority of total shares, Calpers said. Calpers, with $229 billion in assets, owns about 2 million Apple shares.