MILPITAS, Calif., March 9 /PRNewswire-FirstCall/ -- LSI Logic Corporation today announced that it has revised its corporate governance policy regarding the election of directors.
Any nominee for the LSI Board of Directors who receives more "withheld" votes than "yes" votes, is required to submit a letter of resignation to the Nominating and Corporate Governance Committee of the LSI Board of Directors.
The Nominating and Corporate Governance Committee will consider the resignation letter and will recommend to the Board of Directors what action should be taken.
LSI corporate governance guidelines reflect the Board of Directors' commitment to provide the best long-term value for stockholders. The guidelines can be found at http://media.corporate-ir.net/media_files/irol/98/98123/pdfs/Guidelines.pdf
About LSI Logic
LSI Logic Corporation is a leading provider of silicon-to-system solutions that are used at the core of products that create, store and consume digital information. LSI offers a broad portfolio of capabilities including custom and standard product ICs, host bus and RAID adapters, storage area network solutions and software applications. LSI products enable leading technology companies in the Storage and Consumer markets to deliver some of the most advanced and well-known electronic systems in the market today. More information is available at http://www.lsi.com/.
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