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Halliburton to let board nominees accept outside cash

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson

(Reuters) - Oilfield services provider Halliburton Co has revised its bylaws to allow proposed new board members to receive compensation from outside groups simply for being nominated.

The company removed a prohibition in its bylaws against new board members receiving such compensation, a regulatory filing showed on Tuesday. Nominees would have to disclose any compensation in writing to the company.

The change was decided last week by the current 11-member board.

A Halliburton representative was not immediately available to comment.

(Reporting by Ernest Scheyder; Editing by Bernadette Baum)

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