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3 years ago
Halliburton to let board nominees accept outside cash
February 18, 2014 / 7:08 PM / 3 years ago

Halliburton to let board nominees accept outside cash

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The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012.Richard Carson

(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.

Reporting by Ernest Scheyder; Editing by Bernadette Baum

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