Equifax seeks to enhance corporate governance

By Lisa Kerner

Charlotte, N.C., Jan. 6 - The Equifax Inc. board of directors announced it will make changes designed to enhance the company's corporate governance practices.

Equifax said it will eliminate its current three-class structure in which each director is elected for a three-year term.

The declassification will make all directors subject to annual election as their existing three-year terms expire, according to a company news release.

In addition, Equifax said it will amend the company's articles of incorporation to adopt a majority voting standard for the election of directors.

Both actions are subject to shareholder approval at the company's annual meeting in May.

Equifax is an information technology provider that collects and organizes credit, financial, public record, demographic and marketing information on individuals and businesses. The company is based in Atlanta.

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