By  on July 29, 2008

PARIS — Carrefour shareholders on Monday voted to change the French hypermarket operator’s corporate governance structure to a single board of directors from a dual management and supervisory board.

In an extraordinary shareholders’ assembly here that was peppered with whistles from investors angry about the retailer’s recent decline in share price, shareholders also approved three board seats for representatives of Blue Capital, the investment consortium of LVMH Moët Hennessy Louis Vuitton chief Bernard Arnault, and Colony Capital.

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