Moreover, Mr Breeden has said that the new code should be written into the company's articlesofincorporation, ensuring that it can be changed only by shareholder vote.
The shareholder proposal at issue sought to amend Apple's articlesofincorporation in three ways, including changing language about the election of directors, setting a minimum value of Apple shares and requiring a shareholder vote before issuing preferred shares.
But Mr. Miller said the board's move to strike against Mr. Okada was necessary because the company has a provision in its articlesofincorporation that allows it to remove a shareholder that might jeopardize existing or future licenses.