Uber Technologies will move forward with a major investment deal from SoftBank Group and approved a slate of governance reforms that will limit the influence of co-founder Travis Kalanick and early backers. The 11-person board voted unanimously Tuesday to approve sweeping changes to the company's power structure, the San Francisco-based company said. The plan would expand the size of the board to 17 seats, people familiar with the matter said. The unusually large board would accommodate two spots for SoftBank representatives and more independent voices. The SoftBank deal ...
Uber board to proceed with SoftBank deal
The move will diminish the power of co-founder Travis Kalanick
Eric Newcomer | Bloomberg Last Updated at October 5, 2017 03:18 IST