Ahead of Bud Walton party, Walmart shareholders reject 3 proposals

Walmart Inc. shareholders rejected three proposals at the decidedly low-key company business meeting Wednesday at the Hammons Convention Center in Rogers.

This year, the retail giant split up its business meeting and its usual celebrity-laden entertainment. The celebrity showcase will still be held Friday at Bud Walton Arena on the campus of the University of Arkansas in Fayetteville.

Shareholders rejected proposals that called on Walmart to elect an independent chairman of the board, report on any pay gap among racial and ethnic employees, and to contribute as much to employees as it plans for investors, according to Arkansas Business.

In other voting, shareholders approved the company's 11-member board of directors, the compensation of executive officers in an advisory vote and Ernst & Young LLP as Walmart's independent auditor. 

Read more from Arkansas Business.