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Fiserv shareholders reject proposal seeking confidential voting on executive pay

Fiserv Inc. shareholders voted to reject a proposal brought forward by a shareholder seeking confidential voting on executive pay.

The proposal requested that the management or board should not have access to preliminary results of votes cast by proxy on certain executive pay matters. The board had recommended a vote against the proposal, saying it would be detrimental to the open dialogue with shareholders.

Voting was held during the annual meeting of shareholders May 23.