Pitney Bowes Board of Directors Amends Governance Principles
12 Septembre 2005 - 8:28PM
PR Newswire (US)
STAMFORD, Conn., Sept. 12 /PRNewswire-FirstCall/ -- Pitney Bowes
(NYSE: PBI) announced today that the Company's Board of Directors
has amended the board's Governance Principles regarding the
election of directors. Under the amendment to the Governance
Principles, any director seeking reelection to the Board who
receives more withheld votes than affirmative votes must submit his
or her resignation to the Governance Committee of the Board. The
Governance Committee will in turn consider the resignation and make
a recommendation for subsequent action to the full Board. "The
Board's action today demonstrates its continued commitment to good
governance," said Michael J. Critelli, Pitney Bowes Chairman and
Chief Executive Officer. "We understand the importance of the
voting process for investors, and we believe that this amendment to
the Governance Principles underscores the Board's dedication to
serving shareholder interests." About Pitney Bowes Inc. Pitney
Bowes is the world's leading provider of integrated mail and
document management systems, services and solutions. The $5.3
billion company helps organizations of all sizes efficiently and
effectively manage their mission-critical mail and document flow in
physical, digital and hybrid formats. Its solutions range from
addressing software and metering systems to print stream
management, electronic bill presentment and presort mail services.
The company's 80-plus years of technological leadership have
produced many major innovations in the mailing industry, and it is
consistently on the Intellectual Property Owners Association's list
of top U.S. patent holders. With approximately 35,000 employees
worldwide, Pitney Bowes serves more than 2 million businesses
through direct and dealer operations. More information on the
company can be found at http://www.pb.com/. Media Contact: Sheryl
Battles Pitney Bowes Inc. VP, Corporate Communications 203-351-6808
DATASOURCE: Pitney Bowes CONTACT: Media Contact: Sheryl Battles,
Pitney Bowes Inc., VP, Corporate Communications, +1-203-351-6808
Web site: http://www.pb.com/
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