At least Uber investors will have a say on losses. Lyft and Pinterest have opted to entrench their founders. GinaChon
Ride-hailing app Uber Technologies has sought to fundamentally reform its workplace culture, partly by improving its governance structure, according to its draft prospectus filed with the Securities and Exchange Commission on April 11. A series of scandals and executive departures led to co-founder and Chief Executive Travis Kalanick stepping down from his position in 2017.
Uber said in its regulatory filing that changing its conduct and culture starts with a strong tone at the top set by CEO Dara Khosrowshahi and its board of directors, which is chaired by former Northrop Grumman boss Ronald Sugar. Directors are elected annually and require the approval of a majority of votes cast in uncontested ballots.
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