Halliburton to let board nominees accept outside cash
(Reuters) - Oilfield services provider Halliburton Co (HAL.N) has revised its bylaws to allow proposed new board members to receive compensation from outside groups simply for being nominated.
The company removed a prohibition in its bylaws against new board members receiving such compensation, a regulatory filing showed on Tuesday. Nominees would have to disclose any compensation in writing to the company.
The change was decided last week by the current 11-member board.
A Halliburton representative was not immediately available to comment.
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