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Shareholders Approve New Governance Structure At EADS

Defense Daily Staff

Thursday, March 28th, 2013

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Shareholders in the European Aeronautic Defence and Space Co. (EADS) yesterday formalized plans agreed to by the company’s board and core shareholders in December to give the company’s leadership freer rein from national politics in the management of the aerospace and defense giant. The new governance structure is expected to be in place by April 2. Shareholders also gave the nod to the board to authorize a stock repurchase plan of 15 percent of EADS’ outstanding share capital. Under the…

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