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Coca-Cola FEMSA bottler to change bylaws (AP)MONTERREY, Mexico – Drinks company Fomento Economico Mexicano SAB said Wednesday its bottler, Coca-Cola FEMSA, plans to change its bylaws so a simple majority of its board can appoint and set compensation of the CEO and people who report directly to him or her.Coca-Cola FEMSA is the biggest bottler of Coca-Cola drinks in Central America. The company said a simple majority also will suffice for "decisions related to the ordinary operations." Acquisitions and many other matters still require the approval of two directors appointed by the Coca-Cola Co., in addition to a majority vote. The bylaws changes are on the agenda for an April 14 shareholders meeting. |