HP Toughens Election Rules for Directors

Hewlett-Packard Co. said it would require members of its board to get a majority of votes for election in a move designed to make directors more accountable to shareholders.

Board members who receive more “withheld” votes than “for” votes will be asked to resign, the Palo Alto-based company said. The board’s nominating and governance committee would then recommend whether the resignation should be accepted.