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Why Qualcomm May Expand Its Board

Why Qualcomm May Expand Its Board

Qualcomm (QCOM) held its annual shareholder meeting in March. According to a Reuters report citing confidential sources, Qualcomm is exploring expanding its board to 14 members from the current 12. Expanding the board would be viewed as an attempt by Qualcomm to mollify shareholders who withheld support for its board director nominees in March, the report said.