Microsoft says it will soon be holding regular meetings with San Francisco investment firm ValueAct Capital and potentially give the investment firm a seat on its board.
ValueAct owns less than 1 percent of the software company’s outstanding shares, but is one of its largest shareholders.
Under an agreement announced yesterday, ValueAct President Mason Morfit will meet with Microsoft directors and management to discuss a range of business issues. ValueAct will also be given the option of having Morfit join the Microsoft board of directors after the company’s 2013 annual shareholders meeting.