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Independents / Regional GrocersSAFEWAY PROPOSES YEARLY ELECTION OF BOARD DIRECTORS 2004-02-02 (2)SAFEWAY PROPOSES YEARLY ELECTION OF BOARD DIRECTORS
PLEASANTON, Calif. -- The decision by Safeway to declassify its board of directors at its annual meeting later this year is based on circumstances unique to Safeway and is unlikely to prompt other chains with classified boards to change their approach to corporate governance, industry analysts told SN.Safeway's nine-member board is divided into three classes, with one-third of the directors elected
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