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Yahoo amends bylaws

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Yahoo amends bylaws

Yahoo! Inc.'sboard on March 25 approved an amendment to the company's bylaws to implementproxy access for director nominations.

The amendment would allow a shareholder, or a group of up to20 stockholders, who has owned at least 3% of the company's outstanding commonstock continuously for at least three years, to nominate and include in thecompany's proxy materials director nominees constituting up to the greater oftwo directors or 20% of the total number of directors then serving on theboard, according a March 30 SEC filing.

The amendment also includes certain ministerial, clarifyingand conforming changes.